- Project Flux
- Posts
- Is Your Project Set Up to Fail? Alexander Budzier on the Truth About Delivery
Is Your Project Set Up to Fail? Alexander Budzier on the Truth About Delivery
Podcast with Alexander Budzier - University of Oxford
Proudly sponsored by ConstructAI, brought to you by Weston Analytics
In this episode of the Project Flux podcast, we interview Alexander Budzier, a fellow in management practice at Saïd Business School, University of Oxford
We discuss the critical aspects of project management, particularly the reasons behind project failures and the potential of AI to enhance project delivery.
Alexander shares insights from his extensive research on project management, emphasising the importance of proper project setup, the challenges of data quality, and the evolving role of AI in the industry. The conversation also touches on the need for better knowledge sharing and the balance between human oversight and AI capabilities in project management.
Listen on
Takeaways
A well-set up project is not a guarantee for success, but a badly set up project is a guarantee for failure.
Luck is not a leadership quality in project management.
Data may be the new oil, but it can also be an oil spill if not managed properly.
AI can help discover valuable insights from past projects.
The uniqueness trap can lead to project overruns and failures.
Improving how work gets done is essential for project success.
The status quo in project management is not sufficient for future challenges.
Measuring project outcomes effectively can lead to better decision-making.
Knowledge sharing is crucial for project success and learning from past mistakes.
AI can bridge the knowledge gap in project management.n enhance decision-making and scenario planning.
Chapters
00:00 Introduction to Project Management Challenges
01:58 The Journey into Project Management
05:04 Understanding Project Failure
07:17 Comparing IT and Civil Engineering Projects
09:31 The Role of AI in Project Management
11:57 The Impact of Knowledge Preservation
14:56 Technical Debt in Project Management
17:04 AI's Potential in Data Management
19:26 Compliance and Regulation in Projects
21:11 Data Sharing Challenges in the Industry
24:54 Reflections on Progress in Project Management
25:19 Evolving Collaboration in Project Management
28:15 The Impact of AI on Project Delivery
37:24 Balancing AI Autonomy and Human Oversight
43:13 Key Lessons in Project Management
46:33 Introduction to Project Flux and Partnership
47:03 Future of Project Management Insights
47:16 Introduction and Sponsorship Highlights
47:39 Engagement and Community Building
Links and Stuff
Alexander's Linked In
Meet Project Flux: About Us
At Project Flux, we're committed to pioneering the future of construction and project delivery through the lens of cutting-edge Artificial Intelligence insights. Our vision is to be at the forefront of integrating AI into the fabric of project delivery, transforming how projects are conceptualised, planned, and executed.
Our Mission Project Flux aims to not only inform and educate but also to inspire professionals in the construction industry to embrace the transformative potential of AI. We believe in the power of AI to revolutionise project delivery, making it more efficient, predictive, and adaptable to the dynamic demands of the modern world.
What We Offer Through our insightful newsletters, podcasts and curated content on LinkedIn, and engaging discussions, Project Flux serves as a resource for professionals seeking to stay ahead in their field. We offer a blend of practical advice, thought leadership, and the latest developments in AI and construction technology.
What People Say…
“It was a real pleasure being a guest on the Project Flux podcast. James and Yoshi are really on top of things when it comes to AI in general and its application in project management specifically. If you just have a few minutes a week have a read through their newsletter so you can stay informed. If you have just a bit more time, they know how to ask the right questions in the podcast."