Project Management is Evolving Rapidly due to Technological Advancements Like AI.

July 9, 2024

In the realm of commercial project management, several key trends are shaping the industry, driven by advancements in technology, evolving stakeholder expectations, and the obligation for practiced sustainability.

The emphasis on sustainability and green building practices is increasingly expected to minimize environmental impact, conserve resources, and enhance energy efficiency. Project managers are integrating sustainability principles into every phase of construction, from materials sourcing and waste management to energy-efficient design and construction techniques. This trend is driven not only by regulatory requirements, but also by a growing awareness among clients and stakeholders of the importance of environmental stewardship.

In addition, the commercial industry is witnessing the rise of agile project management methodologies. Traditionally more prevalent in software development, agile methodologies are now being adapted to commercial projects to improve flexibility, responsiveness to change, and collaboration among project teams. Agile methods encourage reiterative development, continuous improvement, and adaptive planning, which can be particularly beneficial in complex construction projects where requirements may evolve over time.

One example is the use of Building Information Modeling (BIM). BIM allows for detailed 3D modeling and data integration throughout a project’s lifecycle, from planning and design to construction and operation. This technology enhances collaboration, improves project visualization, and helps in detecting and resolving potential issues before construction begins, thereby reducing costs and delays.

Most recently, there is a noticeable shift towards greater use of data analytics and artificial intelligence (AI). These technologies enable project managers to make data-driven decisions, predict project outcomes more accurately, and optimize resource allocation. AI can analyze vast amounts of data to identify patterns and insights that humans might overlook, thereby enhancing project efficiency and reducing risks.

Project management is evolving rapidly due to technological advancements, sustainability imperatives, and changing methodologies. Embracing these trends not only enhances project outcomes but also positions teams to meet the challenges and opportunities of a dynamic and competitive industry landscape.

Testimonials

Corporate Renovation for DPS Group - Conshohocken, PA

Due to the extreme pace our business has been growing, we were in need of new office space sooner than later. However, we didn’t have the bandwidth to manage the process internally. The FGX Group was able to get started immediately with assembling an overall project budget and schedule in order to set proper expectations, particularly important in today’s real estate climate. He was instrumental in design oversight, and assembling the balance of the project team including the general contractor, IT related vendors, the furniture dealer, and all other pertinent firms. We are thrilled to be in our new space and couldn’t be more grateful for having Frank to assist us with the process so we could concentrate on continuing to grow our business.

Ryan McDonough, Senior Vice President – Project Operations, DPS Group

Self Storage Renovation Projects for Home Star Storage - Various Locations

As someone who works in self storage conversions, I work with The FGX Group on all my major projects. Unlike ground-up construction, conversion projects often have unexpected circumstances and last-minute surprises that don't necessarily jump out from the beginning of the project, even with careful planning. Working with The FGX Group, I know our team is ready for the unexpected in each project – whatever that may be. We appreciate working closely with them to bring more well-built storage projects to fruition on-time and on-budget up and down the eastern United States.

Joseph Murphy, Chief Operating Officer, Home Star Storage

Renovations to Children's Dental Management - Philadelphia, PA

Frank Gallagher and The FGX Group were instrumental in assisting me to assemble the project team and formulate a plan to complete our new Orthodontics and Surgery Center suites in Philadelphia. With Frank’s help in managing the contractors, various vendors, and coordination activities with the landlord, it allowed me to concentrate on other responsibilities at CDM. Frank has a knack to bring everyone together to focus on one goal. I would work with him again.

Jim DeFruscio – Children’s Dental Management

Renovation of Medical Office for Pure Dental Brands - Upper Darby, PA

From my perspective, here is what The FGX Group did that helped us achieve a successful build out of our new office location: Their contract spelled out all of the responsibilities that they would own, and they carefully broke down all of the job functions and steps with milestones; they also made it clear what were their vs. our tasks; they outlined the project timeline and costs and lived by them; they were 100% successful as a project manager because they kept us on track and had excellent communication and follow-up skills; they owned a number of key tasks around permitting and working with the local town/city that we could not have known about or handled – and they were done successfully; and they escalated issues when appropriate and prepared us in advance of issues, so that when they came up, we could quickly resolve.

The results were excellent – the office is beautiful, and it has helped us grow our business!

Frank Coliano, Chief Executive Officer, Pure Dental Brands

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Contact

Address

26 Treaty Dr, Wayne, PA 19087

Email

frankgallagher@thefgxgroup.com

Phone

 610.331.6354

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