Abhishek Srivastava
Managing Director and Co-Founder, Teknobuilt
India
About
Abhi helps drive the strategic leadership for clients through analytics and brings the new age technology expertise artificial intelligence and machine learning.
Abhi has led Teknobuilt’s solutions into pioneering climate tech ecosystems like MIT’s Greentown Labs, New York State Energy’s Urban Future labs. Under his guidance Teknobuilt has developed industry leading Machine learning platform for transforming infrastructure and energy projects. Their innovative solutions in safety, schedule acceleration, and carbon tracking are recognized by numerous awards including Podium Star for Industry 4.0 South Korea, Industrial Research (IRAP)-Canada, and Innovate UK. His papers and presentations have been featured at leading forums like International Carbon Expo, O&M conference, Innovation informed by Silicon Valley, Climatetech Summit-Boston and more.
Abhi holds double Master of Science – one in Mathematics from the University of Chicago and another in Finance from the University of Illinois. He also has a Bachelors in Electronics engineering.
To connect with Abhi, please check his LinkedIn profile.
Title & Abstract
Accelerated Project Delivery by Mitigating Risks in Execution: Effective Strategies with Case-study, and the Digital Future
Achieving faster delivery, flawless execution, and managing costs in your construction projects to come on budget – just about 1 out of 10 projects can truly accomplish this.
Despite the detailed estimates, strenuous planning, Projects have a tendency to spiral out of control during execution. This is due to various reasons, such as changes in scope, poor project management, material problems, and inadequate risk management. Additionally, inadequate planning, poor communication, and coordination among stakeholders can result in delays, cost overruns, and quality issues.
Taking the case study of a $9B LNG mega project starting from FEED, spanning detail engineering and procurement, and currently under construction, this session will take you on a journey where you will gain experience from:
- Implementation, impact and challenges of new methods (AWP) to manage scope, and (Lean) gain operational efficiencies in action on a digital assembly line
- Unique advantage of improved flow and end-to-end connectivity that spans multiple project stages, overcoming fragmentation across all stakeholders in various departments and functions
- Visual WBS, extended by a structured framework on Geoplot Radar, and Digital Control Tower™, for augmenting human intelligence for better decision making
- Cost savings by eliminating project drag by reducing rework, eliminating interruptions, and cutting wastage
- Manage changes, continuously de-risk the work scope, and execute with precision to achieve greater project certainty.
- Reduced overheads by utilizing AI/ML and the guard rails built through a unified digital platform to assist leaders at all levels.
The future of project delivery is now – embracing the great impact of new age digital technology. In this new wave of growth, we cannot afford to continue building the same ways as we did before the pandemic. Along with the traditional parameters of cost, schedule, and quality, managing and reducing carbon footprint, improving sustainability, and minimizing wastage will be paramount. The presentation also delves in to the future to show you a project nervous system, where the digital construction blocks™ flow seamlessly to help build better!