Solving Construction Delays with Data-Driven Insights



What if better data visibility could prevent common construction project failures? Join us in a fascinating conversation with Michael Pink, CEO of SmartPM, as he reveals how his innovative technology is revolutionizing the construction industry. Michael shares his journey from a consultant to a transformative tech leader, highlighting how SmartPM leverages existing project data to provide real-time performance metrics. From executives to site workers, discover how teams can manage projects more effectively, ensuring they stay on time, on budget, and out of legal trouble. Listen as Michael recounts his experiences in the field, the patterns of project failures he observed, and the invaluable lessons learned during the customer discovery process.

Transitioning from consulting to entrepreneurship is no easy feat; it requires significant mental and lifestyle adjustments. Michael opens up about the challenges he faced moving from a stable career to the high-stakes world of business ownership, emphasizing the heightened work ethic and focus necessary for success. Balancing a new business while starting a family, Michael’s story illustrates the pressures of ensuring financial stability and the unwavering commitment it demands. This episode offers valuable insights for consultants contemplating a similar leap, suggesting how leveraging existing skills can provide a sustainable foundation while pursuing larger ambitions. Tune in to understand the values, beliefs, and intentions behind leaving a lasting legacy in business.


Episode Highlights

  • Revolutionizing Construction Data Management:

SmartPM’s technology leverages existing project data, particularly schedule data, to create real-time performance metrics. This approach significantly enhances project management efficiency by ensuring that projects remain on schedule, within budget, and free from legal disputes. The technology’s ability to transform raw data into actionable insights is a crucial factor in preventing common construction project failures. By utilizing data already available within project schedules, SmartPM provides a layer of transparency and foresight that helps project managers make informed decisions and avoid pitfalls that typically lead to project delays and cost overruns.

  • Customer Discovery and Product Refinement:

SmartPM underwent an extensive customer discovery process to refine its product. This involved listening to industry feedback and making necessary pivots in its approach, shifting focus between owners and contractors to better address their specific needs. This iterative process was crucial in developing a user-friendly interface and ensuring that the technology met the practical requirements of its users. By engaging closely with potential customers, SmartPM was able to tailor its solution to solve real-world problems effectively, leading to a more robust and widely accepted product.

  • Impact of COVID-19 on Construction Management:

The pandemic significantly altered the dynamics of the construction industry, emphasizing the critical importance of effective scheduling and project controls. This shift led to a greater recognition of the need for improved data visibility and management practices. SmartPM’s mission to provide predictive analytics and better budget management for construction projects aligned perfectly with these new industry demands. The pandemic highlighted the vulnerabilities in traditional project management approaches and accelerated the adoption of data-driven solutions that enhance resilience and efficiency in construction operations.


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Connect with Michael here:

Website: https://smartpm.com/

 

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About Michael: 

Michael Pink has been Chief Executive Officer of SmartPM, a leading project controls solution for the commercial construction industry, since 2017. Prior to founding SmartPM™, Michael spent nearly 20 years in the construction industry providing analytics to assist in project controls, risk management, and dispute avoidance/resolution services on construction projects of all types and sizes across the globe. He is a Certified Cost Engineer (CCE) through AACE International and is also licensed as a Certified Planning and Schedule Professional (PSP) through the same organization. He holds an MBA from the NYU Stern School of Business and is a graduate of the Georgia Institute of Technology. After Michael graduated from Georgia Tech in 2001 with a degree in industrial engineering, he looked for a consulting job in New York City. He took a position with KPMG in its construction consulting and dispute resolution practice. He hadn’t thought about this type of work as a career, but he liked the company and saw it as a good opportunity. Once he got there, he realized the construction industry had plenty of room for operational and procedural improvements. Construction consultants usually came from within the industry itself — and industrial engineer consultants didn’t yet exist in the construction business. That experience led him, later in life, to develop a data analytics technology for the construction industry called SmartPM.

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