Movar launch award winning Digital Project Management Office into the utility sector
Movar, a leading company in project delivery solutions, has launched their cutting-edge Digital Project Management Office (DPMO) capability with the aim of revolutionising project controls within the utility sector.
The initiative integrates AI, Machine Learning and real-time reporting to enhance efficiency, reduce costs and improve decision-making in managing significant investments. It introduces a dynamic reporting system that combines data from all aspects of a project, including schedules, costs, milestones and risks. With technology like Symterra on board, it also includes real-time updates from project sites. It’s able to produce AI-driven narratives based on best practices and live updates from sites, which further refines the project oversight, especially for senior stakeholders. The DPMO has been developed in collaboration with Severn Trent Water, with Movar co-ordinating a team of field specialists.
The key results observed from the implementation include:
- Enhanced Project Visibility:Utilising GIS maps to visualise novel project metrics has greatly increased visibility into project statuses, enabling quicker identification and resolution of issues.
- Streamlined Schedule Management:Automated schedule processing and real-time updates have replaced time-consuming manual data entry and calculations, enhancing schedule accuracy and adherence to project timelines.
- Informed Decision-Making:AI-driven narratives provide deep insights and context, improving decision-making quality through data-driven analysis.
- Increased Productivity:The automated system saves weeks of data gathering and calculations, freeing up project managers, cost engineers and planners to focus on more strategic and creative tasks.
- Cost Savings:These technological advancements have collectively led to projected cost savings of 20%, through more efficient resource allocation, reduced downtime and minimised delays.
- Cultural Shift:The shift towards data-driven project management has instilled a culture of continuous improvement and innovation, setting new benchmarks within the industry.
“This transformative approach redefines project management within the utilities sector and aligns with Severn Trent Water’s strategic objectives of sustainability and operational excellence, establishing a new benchmark in data-driven management,” explained Ollie Wade, Group CEO at Movar.
“The digital PMO has significantly transformed project management practices and has already led to substantial improvements and efficiencies. We’re delighted that our commitment to driving innovation in the utilities sector has been recognised within the industry, with Movar recently being announced as the winners of the Project Controls Expo Award for Global Project Controls Innovation of the Year 2024. The whole team have worked tirelessly to deliver a cutting-edge product and we’re proud to be recognised for the solution that we have developed”
“By leveraging AI-driven insights, real-time data and automated reporting, we have set new standards in project delivery, positioning us as a leader in digital project management innovation globally.” Concluded Wade.