How Predictive Analytics Stops Budget Overruns from Broken Schedules in Construction - Michael Pink

The ConTechCrew

In this episode of The ConTech Crew, host Jeff Sample interviews Michael Pink, CEO of SmartPM, to discuss the importance of time management in construction projects. Michael, a seasoned professional in construction technology, shares his journey from consulting to creating SmartPM, a platform that helps businesses manage risk, stay on schedule, and make better-informed decisions. The conversation covers everything from the challenges of data integrity in construction to how predictive analytics can transform project management.

Michael Pink is the CEO of SmartPM, a platform that uses predictive analytics to help construction companies optimize their project schedules and manage risk. He started his career in consulting, focusing on dispute resolution and project controls, which eventually led him to create SmartPM in 2019 to address the inefficiencies in construction scheduling.

Key Takeaways

• Michael’s transition from consulting to launching SmartPM
• The role of time in construction and its impact on project cost
• Moving from reactive to proactive risk management using real-time data
• How SmartPM automates schedule analysis and predictive analytics
• The importance of AI in improving construction project outcomes
• The need for collaboration and feedback in construction tech
• Michael’s upcoming session at the Unbound conference

Timestamps

[00:00] - Introduction and pre-show setup

[02:52] - Michael reflects on his career and launching SmartPM

[03:44] - Michael shares the problem he encountered with Consulting

[05:53] - The role of time in construction and how delays impact project cost

[09:20] - Shifting from reactive to proactive risk management using real-time data

[14:55] - The capabilities of SmartPM in automating schedule analysis and predictive analytics

[17:50] - The importance of data integrity and the challenges of overoptimism bias

[25:16] - Using AI to correct historical schedule data and predict future outcomes

[33:09] - Michael talks about his participation in the Unbound conference and upcoming events

[39:27] - Episode conclusion and sign-off

Follow the Guest & The Company:

• LinkedIn: https://www.linkedin.com/in/mapink/
• LinkedIn (Company): https://www.linkedin.com/company/smartpmtech/
• Website (Company): https://smartpm.com/
• Facebook (Company): https://www.facebook.com/SmartPMTech
• Twitter (Company): https://x.com/SmartPMTech

Follow the Host:

• LinkedIn: https://www.linkedin.com/in/ironmanofit/

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