Project Management Artificial Intelligence
Key Benefits
“In an industry where project overruns are commonplace and practices have remained largely unchanged since the middle of last century, OctantAI’s predictive capability is revolutionary.”
Improve estimates in real time
On average, 9 out of 10 projects experience an overrun. The bigger the project, the greater the risk. OctantAI measures overrun and underrun, improves capital productivity and provides tangible financial returns with proven technology that is capable of 100-fold returns.
Practical, real-world proof
Octant AI has been tested against:
- $3t of live, operational projects in both public and private sector
- Large and demanding clients running hundreds of concurrent projects
- Major infrastructure, financial and construction projects across the globe
More than a planning tool
Planning and estimation are important, but execution and delivery are critical. Octant AI supercharges the output from your existing resources, by combining custom machine learning with actionable insights to provide improved project outcomes.
World Bank
The World Bank Independent Evaluation Group (“WBIEG”) engaged Octant AI in 2020 to evaluate whether Artificial Intelligence could enrich insights and improve the scale, speed and efficiency of complex portfolio evaluations. This allows World Bank to learn from vast amounts of historical performance data to understand whether its goals have been achieved, and to improve the performance of future projects.
Hong Kong Development Bureau
Oxford Global Projects was approached by Hong Kong Development Bureau (HKDP) which oversees a large portfolio of infrastructure and building projects. Oxford Global Projects, which was co-founded by Professor Bent Flyvbjerg and Dr Alex Budzier, collaborated with Octant AI to test the ability of AI to predict cost and time over and underruns over the portfolio.
Australian Road Research Board and NACOE for Queensland Department of Transport and Main Roads
The Queensland Department of Transport and Main Roads (TMR), in collaboration with the Australian Road Research Board (ARRB) and the National Asset Centre of Excellence (NACOE) engaged Octant AI to investigate whether AI could improve productivity of its capital-intensive portfolio of transport projects in Queensland.
