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Solving Construction Delays with Data-Driven Insights

Legacy

Release Date: 09/30/2024

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What if better data visibility could prevent common construction project failures? Join us in a fascinating conversation with Michael Pink, CEO of SmartPM, as he reveals how his innovative technology is revolutionizing the construction industry. Michael shares his journey from a consultant to a transformative tech leader, highlighting how SmartPM leverages existing project data to provide real-time performance metrics. From executives to site workers, discover how teams can manage projects more effectively, ensuring they stay on time, on budget, and out of legal trouble. Listen as Michael recounts his experiences in the field, the patterns of project failures he observed, and the invaluable lessons learned during the customer discovery process.

 

Transitioning from consulting to entrepreneurship is no easy feat; it requires significant mental and lifestyle adjustments. Michael opens up about the challenges he faced moving from a stable career to the high-stakes world of business ownership, emphasizing the heightened work ethic and focus necessary for success. Balancing a new business while starting a family, Michael's story illustrates the pressures of ensuring financial stability and the unwavering commitment it demands. This episode offers valuable insights for consultants contemplating a similar leap, suggesting how leveraging existing skills can provide a sustainable foundation while pursuing larger ambitions. Tune in to understand the values, beliefs, and intentions behind leaving a lasting legacy in business.

Timestamps

00:00:00 - Introduction and Welcome to Business Legacy Podcast

00:00:35 - Introduction of Michael Pink, CEO of SmartPM

00:01:15 - Michael Pink's Background and the Origin of SmartPM

00:03:00 - Leveraging Existing Project Data for Real-Time Performance Metrics

00:05:45 - Transitioning from Construction Consultant to Innovator

00:07:30 - Identifying Patterns in Project Failures

00:09:00 - Importance of Data Visibility in Project Management

00:11:00 - Challenges During the Customer Discovery Process

00:14:44 - Mental and Lifestyle Adjustments from Consulting to Entrepreneurship

00:16:30 - Balancing Business Growth with Family Responsibilities

00:18:15 - Leveraging Existing Skills for Sustainable Business Foundation

00:20:00 - Empowering Teams with SmartPM Technology

00:22:30 - Real-Time Performance Metrics for Different Team Levels

00:24:00 - The Impact of COVID-19 on the Construction Industry

00:26:30 - Shifting Focus from Owners to Contractors

00:28:00 - Improving Scheduling and Project Controls in Construction

00:30:00 - Overcoming Over-Optimism Bias in Construction Projects

00:32:00 - Michael's Journey from Consulting to Building SmartPM

00:34:00 - Balancing Entrepreneurship with Family Life

00:36:00 - Building a Business Legacy in the Construction Industry

00:38:00 - Final Thoughts and Reflections on the Journey

00:39:30 - Where to Find More Information About SmartPM

00:40:00 - Closing Remarks and End of the Episode




Visit the website https://smartpm.com/ to find out more about SmartPM’s work.

Legacy Podcast: For more information about the Legacy Podcast and its co-hosts, visit businesslegacypodcast.com.

For more information: Visit businesslegacypodcast.com to access the shownotes and additional resources on the episode.