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Predictive Project Analytics 2.0 Today’s Project LandscapePredictive Project Analytics 2.0

Predictive Project Analytics 2.0 Today’s Project LandscapeContentToday’s Project Landscape1Our Philosophy2Introducing Predictive Project Analytics3Five tools to revolutionalize your project management4The power of dashboards7Key management questions8Frequently asked questions11Our Services15Our Global Experience16Key Contacts17

Predictive Project Analytics 2.0 Today’s Project LandscapeToday’s ProjectLandscapeToo many projects continue to failThere have undoubtably been huge steps forward inthe sphere of project management. But despite therise of standardized methodologies, sophisticatedmanagement techniques and internationallyrecognized accreditation bodies, consistent successremains elusive. 49% of leaders perceive a gapbetween strategy and project execution, and at least30% of projects continue to fail. Whicheverparameters you’re using to define success, it’s clearthat there remain fundamental problems.Project management is undermined bycommon misconceptionsMany organizations stick to a standardizedprocedure when managing projects. By definition,this approach fails to take into account theintricate risk and complexity features of individualprojects. In addition, standardized methodologiespresume that project members act with completerationality. In doing so they overlook a host of softfactors, failing to appreciate that projects areessentially complex social systems driven byagendas, relations, politics and power.01In short, standardized methodologies don’t accountfor flaws in human nature, and the presence ofcognitive bias and social dynamics should compelproject leaders to seek a more specialized approach.‘In peril’ has become the New Normal forInfrastructure, IT & Capital projectsInfrastructure, IT and Capital projects around theworld are struggling to meet expectations. Failure isbecoming the norm. Recent research has shown that: 65% of mega capital projects around the world fail Nearly 70% of executives are not confident thattheir organization is optimizing return oninvestment in industrial projects 17% of large scale IT projects go so badly thatthey threaten the very existence of the companySoft Factors remain an elusive threatWhile the development of standardized methodologieshas contributed much to project management, thesego-to best practices have also become more and morecomplex. Rather than improving awareness aroundthe influence of soft factors, social, cultural andpolitical issues are caught up in a tide of increasinglycomplex processes. The results are predictable:disregarded soft factors are hitting projects hard.Projects have never been more vital toorganizational successMost strategic decisions are now implemented throughprojects. This means that without solid projectguidance, organizations run the risk of being leftbehind by their rivals or failing completely.

Predictive Project Analytics 2.0 Our PhilosophyOur PhilosophyBringing an unprecedented level of objectivityWe don’t plan on replacing human intelligence, wesimply want to harness it. To improve your projectexecution our predictive analytics suite applies aquantitative engine to evaluate, monitor and predictrisk, and is backed by years of project data, industryexperience and academic research.We bring an unprecedented level of objectivity to themanagement of complex projects. Our extensiverange of tools provides continuous risk management,covering everything through from the initial planningstages to ensuring you put together the right team,compliance and execution.What Predictive is to usWe aspire to more than analytics. It’s no good tosimply say where you went wrong, or where othershave gone wrong in the past. We want to do thingsdifferently, harness objectivity like never before anduse lessons learned from the past to make informedmanagement decisions which will positively impactupon your chances of success in the future. PredictiveProject Analytics can be with you from day one,assessing every inch of your project before it hasbegun, guiding your team selection to ensure youhave the appropriate skills available, monitoringdynamic risks throughout the project lifecycle,pointing out areas where intervention is necessary,keeping you on the right side of compliance measuresand benchmarking your project against thecompetition.02If we had exact answers to every managementquestion we’d probably spend more time playing thelottery than developing state-of-the-art analyticspackages. Fortunately what we do have is a provencapability grounded in years of research, ready toguide you toward the right management decisions andproject success.From Hindsight to ForesightHindsight Insight ForesightHindsight: Our predictive algorithm is grounded inyears of project data, allowing your execution tobenefit from lessons learned around the world.Insight: Harness tools to monitor progress in realtime, assess the competency of your team and createa risk profile tailored to your project.Foresight: Our inference algorithm can point youtoward areas of risk before damaging situations occur,allowing you to correct mistakes before they happen.

Predictive Project Analytics 2.0 Introducing Predictive Project AnalyticsIntroducing Predictive ProjectAnalyticsPowered by Risk AnalyticsOur Track record 1 in colorOver 8 years in development, Predictive ProjectAnalytics suite has received external recognition fromthe likes of Gartner, and has so far proved effective inover 120 Billion of project investment. Our projectanalytics services lead the way in risk managementconsultancy, and have been successfully applied inmore than 200 projects of all types, sizes andindustries around the world.Predictive Project Analytics is a unique Deloittesolution validated in partnership with academics andrefined every year through thorough statisticalanalysis. Now in its second generation, PredictiveProject Analytics boasts an expanded range ofservices which allow project managers to predict,manage and mitigate risk in a timely manner, beforefailure becomes the only option.Predictive Project Analytics’ success and industryapproval is grounded on an unparalleled level ofobjectivity. For the first time a comprehensive rangeof human factors have been taken into account besideindustry, project and size specific risks.03Scientific Rigour:Removing the guesswork from projectmanagementAt the heart of Predictive Project Analytics, thepredictive and analytic capabilities are data-driven.Our Predictive Project Analytics algorithms have beendeveloped with years’ worth of project data, pickedapart to extract the details now proven to helpprojects succeed. This ensures that your projectbenefits from lessons learned around the world.While Predictive Project Analytics may be founded onpast data, it is so much more than a simplebenchmarking tool. Our extensive collection of projectdata is the basis of a sophisticated inference engine,which collates 47 complexity factors and 172execution controls. Armed with knowledge of therelationship between risk and execution, eachindividual project receives a complexity profile, via asophisticated engine calibrated to highlight risks andhow best to combat them.To keep our inference engine as accurate as possible,project feedback is regularly incorporated, forming aself-learning loop to ensure Predictive ProjectAnalytics becomes more valuable with every use.“Our unique solution:A powerful set ofmonitoring andanalysis tools whichbring a new level ofobjectivity to projectmanagement.”

Predictive Project Analytics 2.0 Five tools to revolutionize your project managementFive tools to revolutionize yourproject managementPoweredIntegrated monitoring and analysisThe Predictive Project Analytics suite consists of fiveintegrated monitoring and analysis tools:04Project ComplexityExecution ControlsPulse CheckDynamic Risk MonitoringProject Team Competency

Predictive Project Analytics 2.0 Five tools to revolutionize your project managementProject ComplexityPulse CheckEvery project comes with its own unique set ofchallengesDeloitte’s Project Complexity solution features acomprehensive review of project complexity acrossmore than 47 data points. The result is a ProjectComplexity Profile which provides you with a detailedunderstanding of the challenges that lie ahead.Is intervention necessary?Deloitte’s Pulse Check is a quick, insightful tooloffering a broad overview of a project’s health at agiven point in time. Pulse Check is forward-looking,and allows you to focus on the consequences ofcontinuing to run the project in the current manner,providing an early warning system for whenintervention is required.Execution ControlsDynamic Risk MonitoringExecution controls are critical to riskmanagement and successful project deliveryDeloitte’s inference engine determines therecommended levels for 172 execution controls basedon an in-depth review of your project’s complexities.We compare this data to your current controls toidentify areas in need of corrective action.Project risks are rarely staticDeloitte’s Dynamic Risk Monitoring solution provides arisk heat-map, customized for the project and easilyupdated through a simple automated online survey.Individual risks are assessed by a range of projectparticipants to provide an immediate 360 view ofpotential risk.Project Team CompetencyFinding the right person for the job is achallenge faced by every project leaderDeloitte’s Project Team Competency solution assessesindividuals against project complexity characteristicsto help you build the best team possible. Applied at aproject level, the Team Competency tool removes theguesswork from selecting project members, whilsthighlighting your team’s strengths and weaknessesrelative to project requirements.05

Predictive Project Analytics 2.0 Five tools to revolutionize your project managementCoverageWhy your project is in the safest of handsAside from the depth of knowledge and consistent quality associated withDeloitte solutions, you can rest assured that our Predictive Project Analyticssuite has been developed to be compatible with projects across the board.This complete coverage is guaranteed for two reasons. The first is that eachproject is given an individual Complexity Profile tailored to determine areas ofrisk across strategy, governance, delivery, culture and execution controls. TheComplexity Profile is applied to our sophisticated Inference Engine todetermine which areas of your project require attention and how you shouldact.The Inference Engine is, by definition, the second reason for our totalcoverage. It’s grounded in data taken from projects of various sizes, typesand industries from all over the world, and has been carefully built to accountfor both globally accepted project methodologies and all areas found to berelevant to project success.06

Predictive Project Analytics 2.0 The Power of DashboardsThe Power of DashboardsCutting edge adaptablevisualizations without costlyimplementationDashboard examplesPowerful tools are worth very little if you can’t comprehend or act upon the information they provide. Because ofthis we have developed a series of easy-to-use dashboards offering detailed overviews of all project aspects.Dashboards can be tailored to each project, depending on which tools you are implementing and where youwant the focus to be.07