SmartNews

 

SmartPM™ Continues to Grow and Partner with the Industry Titans of Commercial Construction.
Keep Up with SmartNews Here.

 
SmartNews

 

SmartPM™ Continues to Grow and Partner with the Industry Titans of Commercial Construction.
Keep Up with SmartNews Here.

 
SmartNews

 

SmartPM™ Continues to Grow and Partner with the Industry Titans of Commercial Construction.
Keep Up with SmartNews Here.

 

August 24, 2021

Seven Proactive Steps to Avoid Construction Delay Disputes

By Michael Pink 
Delays, cost overruns and disputes have long been part of the commercial construction industry, making the work of reactive forensic analysis by consultants and attorneys a necessary component. Yet many internal practices and issues within construction companies strongly correlate with projects that result in legal disputes and financial losses. There are seven proactive steps that can help companies minimize losses and claims.
PREPARE A COST- AND RESOURCE-LOADED CRITICAL PATH METHOD SCHEDULE

This is the first step any contractor can take to establish and document a manpower plan, a timeline and an intended flow for its work. Doing so is beneficial for two reasons: it will become the basis for measuring impacts and variances to both cost and schedule in a delay, dispute or claim setting; and it will serve as a great project management resource or tool. Without thinking through manpower, durations and workflow in great detail at the beginning of the project, contractors put themselves at risk of becoming delayed and blowing the budget.

USE THE CPM SCHEDULE FOR MANAGING THE PROJECT, NOT AS A REPORTING TOOL

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July 29, 2021

SmartPM Technologies Honored as a “Best Places to Work” by The Atlanta Business Chronicle

SmartPM Technologies has been named a finalist for the Atlanta Business Chronicle’s 2021 Best Places to Work award in the small company category. We are honored to receive this recognition, and we congratulate all of the Atlanta-area companies who made the list.

Each year, the Atlanta Business Chronicle partners with Quantum Workplace to “highlight successful companies that are going above and beyond to keep their workforce happy.” Winners are chosen based solely on employees’ responses to confidential surveys. SmartPM and the other selected organizations will be formally recognized at a celebration at Zoo Atlanta on September 2, 2021.

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July 26, 2021

 

Rohit Sinha of SmartPM Technologies: “Don’t try to be everything to everyone”

By Tyler Gallagher

Focus. Don’t try to be everything to everyone. You won’t have many happy customers. We’ve tried to be everything to everyone, and it didn’t always work. For example, we’ve had clients ask for something, and we delivered on it. But we found that it’s important to focus when resources are limited. Come up with your MVP, make sure there is a market for it, and stay focused. If you try to create an MVP that works for many users across different industries, you’re not going to do it well.

As part of my series about the “5 Things You Need To Know To Create a Successful App or SaaS,” I had the pleasure of interviewing Rohit Sinha. Rohit Sinha, chief technology officer of SmartPM Technologies, leads a team in developing new technology that is transforming the construction industry. Since the SmartPM software as a service (SaaS) product was launched in mid-2019, the Atlanta startup has seen rapid growth, from $0 to over $1.5 million in annual revenue. Rohit wrote code at age 9 “for fun,” and started a business where he built desktop and web applications for clients at age 12.

By age 25, Rohit was managing the delivery and architecture of a $20 million project for one of the world’s largest fund managers. He went on to develop the architecture of enterprise solutions for multiple organizations, from startups to Fortune 500 companies, and founded several technology and software consulting companies. Rohit holds a Bachelor of Science in mechanical engineering and computer science from Georgia Tech.

Thank you so much for joining us! Our readers would love to “get to know you” a bit better. Can you tell us a bit about your ‘backstory’ and how you got started?

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July 12, 2021

Michael Pink of SmartPM Technologies: Five Things You Need To Create A Highly Successful Startup

An Interview With Paul Moss

Don’t enter the startup phase with a bunch of investment money. Put yourself in a tight position, and be OK with that. Like I said, the challenges will make you grow. If you have a bunch of other people’s money, and limited experience, you will run through the funds and probably have to start over.

Startups have such a glamorous reputation. Companies like Facebook, Instagram, YouTube, Uber, and Airbnb once started as scrappy startups with huge dreams and huge obstacles. Yet we of course know that most startups don’t end up as success stories. What does a founder or a founding team need to know to create a highly successful startup?

In this series, called “Five Things You Need To Create A Highly Successful Startup” we are talking to experienced and successful founders and business leaders who can share stories from their experience about what it takes to create a highly successful startup. I had the pleasure of interviewing Michael Pink.

 

Michael Pink, CEO of SmartPM Technologies Inc., leads a team of industry experts to improve construction schedule analytics, service clients, and drive the company’s culture of continual improvement and innovation. With 20 years of construction analytics experience, he founded SmartPM Technologies in 2016. The company, which is headquartered in Atlanta, grew its customer base by 250% in 2020 and closed another round of seed funding. SmartPM is headed into a Series A round of funding in 2021 and continues to improve its services and add new hires.

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June 18, 2021

Construction Technology and Software Rundown: June 18, 2021

By Marla McIntyre

SmartPM Technologies has added a user-friendly dashboard to its construction scheduling analytics platform. Enhancements include a project health metric based on the schedule performance, compression and quality that acts as a risk indicator; an independent schedule-quality checker that verifies quality prior to incorporation into a project; and dashboard metrics for accessing data with an intuitive user experience.

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June 15, 2021

How to Successfully Market a Construction Technology Startup Firm

By Michael Pink, CEO of SmartPM Technologies

Prior to founding SmartPM Technologies, and developing its construction schedule and analytics platform, I spent many years analyzing construction schedules and processes by hand. I was hired to help parties in legal disputes discover what went wrong. The common denominator that sent all those parties to court was an issue with the construction schedule. A problem-solver by nature, I wanted future owners, developers and general contractors to avoid disputes and issues by having access to effective schedule analysis on the front end.

As an entrepreneur, it’s easy to believe that everyone will “get” your product at the level you do, but that’s not always the case. Here are some strategies that have contributed to the success of SmartPM, and how you can leverage them.

Solve a real problem

Before entering the marketplace, study it in detail to ensure you’re addressing a problem that actually needs solving and a demand exists for the product you want to sell.  This requires that you be honest with yourself that, until you interview at least 300 people, you really don’t know what the industry you are trying to sell into really wants. 

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June 15, 2021

How to Use AI in Construction—and How Not to Use It

By Rohit Sinha, CTO of SmartPM Technologies

Artificial intelligence—the building of an algorithm that can make decisions like a human brain does—is revolutionizing the construction industry. From technology innovations that reduce costs, delays and overruns to autonomous equipment that performs dangerous or difficult tasks for humans, AI helps construction companies operate better. 

It has limitations, though, and the ineffective use of AI causes misperceptions to exist. Here’s a look at how to get the most out of AI.

DEVELOPING AI

One of the common misconceptions about AI is that it can be built to immediately make decisions as effectively as a human does. However, even humans are not capable of making decisions the instant they’re born. As children (and their brains) grow, they learn from the experiences, situations and environments they are placed in. With AI, the process of teaching a system or algorithm how to make decisions based on correlations that it identifies after looking at hundreds or thousands of examples is called machine learning. 

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June 15, 2021

The Construction Industry is Improving with Cloud and AI Technologies with CEO Michael Pink 

Coruzant Technologies Podcast with Brian Thomas, CTO of Coruzant Technologies

Michael Pink, founder and CEO of SmartPM Technologies Inc., leads a team of experts to improve schedule analytics and project controls, serves clients, and drives the company’s culture of continual improvement and innovation. He founded SmartPM Technologies in 2016 which is headquartered in Atlanta, Georgia. Michael is an experienced Construction Industry executive with 18+ years of experience in global capital construction programs. 

To Listen to the Podcast Click Here

June 14, 2021

SmartPM Named to BuiltWorld’s 2021 Project Software 50 List

ATLANTA, June 14, 2021 – SmartPM Technologies Inc. has been recognized on the BuiltWorlds 2021 Project Software 50 list. The list features leading companies offering cutting-edge project management technology and tools. BuiltWorlds is a collaborative network founded to push the built industry forward through innovation.

The Project Software 50 list consists of the construction industry’s innovative software solutions and is grouped in the areas of accounting and payment, business intelligence and analytics, collaboration and document management, enterprise resource planning systems, project management, quality assurance and control, and safety management and reporting.

“It’s great to see our cloud-based product, SmartPM, being recognized in the list’s business intelligence and analytics category,” said Michael Pink, CEO of SmartPM Technologies. “We know that schedule data is the most complete and logically tied data set on a construction project, and we are pleased to provide a top project controls platform for construction schedule analytics.”

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April 14, 2021

Attaining the Iron Triangle for Project Success

By Michael Pink, CEO of SmartPM Technologies

According to the Project Management Institute, project managers typically are considered successful if they can make necessary and reasonable tradeoffs amid the “iron triangle” of constraints—time, cost and quality—and still deliver on a project.

In the triangle shown, project scope is the area of the triangle, and constraints are the vertices. The iron triangle theory states that if one of the vertices is pulled in either direction, at least one of the other two vertices needs to change for the area (scope) to stay the same.

  • This could function in several ways. For example, if you seek to:
  • Save money, time and/or quality will suffer;
  • Save time, cost and/or quality will suffer; or
  • Ensure top quality, cost and/or time will suffer.

The iron triangle offers a simple explanation for a relatively straightforward project management concept. However, in the construction world, the iron triangle theory changes and serves as more of an excuse than a rule. That’s because, for construction project managers, it implies a choice must be made; the belief is that only two of the three vertices can be successfully achieved at once on a given project. Instead of stating that when one constraint changes the others need to react, the view in construction is that you can keep ahold of only two of them and the third will be negatively affected. Thus, you have to pick your priorities.

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March 11, 2021

Technology Association of Georgia Announces the Top 40 Innovative Technology Companies in Georgia

ATLANTA (March 11, 2021) – The Technology Association of Georgia (TAG) today unveils the Top 40 Innovative Technology Companies in Georgia.

TAG’S Top 40 Awards, sponsored by Comcast Business and Cherry Bekaert,  recognize Georgia-based technology companies for their innovation, financial impact and efforts to spread awareness of the state’s technology initiatives throughout the U.S. and globally.

“The Top 40 awards recognize and honor this year’s most innovative and impactful technology companies in Georgia,” said Larry K. Williams, President and CEO of TAG. “Each year TAG recognizes the Georgia-based companies that are focused on the creation, development and dissemination of technology to keep Georgia’s technology ecosystem in the global spotlight.”

The 2021 Top 40 Innovative Technology Companies are:

Read Full Article Here

February 16, 2021

Atlanta’s startup SmartPM Technologies to expand to AI after tripling sales revenue

When the pandemic caused delays across the construction industry, SmartPM Technologies Inc. founder Michael Pink decided to shift his focus away from sales.  

It wasn’t that SmartPM’s product couldn’t help construction companies. The Atlanta startup provides software that analyzes construction project timelines and pinpoints areas of possible inefficiency. That capability could help construction projects stay on track despite Covid-19-related disruptions.  

But Pink took a different approach. Instead of advertising the product, SmartPM put out advice on how to manage through the pandemic in white papers, giving a strategic road map to get companies back in gear.  

“We did that a lot early on in Covid,” Pink said. “That sort of took a life of its own. It was really good and built a lot of trust.”  

Demand for SmartPM boomed in 2020. The startup tripled its sales revenue and raised a $500,000 seed round in early February.  

With the funding, Pink plans to hire five more employees. The 15-person team will expand the company’s artificial intelligence and machine learning capabilities, recommending solutions to construction managers after analyzing the data. The capabilities will be based on SmartPM’s analysis of various construction projects.

Read Full Article Here

February 11, 2021

Atlanta’s SmartPM Raises Close to $800K as Construction Industry Transforms to a Post-Covid World

SmartPM, the Atlanta-based full-service project analytics system focused on the construction industry, raised $785,000 through a group of angel investors.

Founder and CEO Michael Pink told Hypepotamus that “part of our funding will push us into AI and machine learning so that we can use datasets in a much more impactful manner.” 

The funding will also be used to grow the team up to 15 members over the course of the year. 

Pink, a Georgia Tech graduate, started working on the idea after seeing the pain points of putting together a large commercial construction project during his time as a consultant.

“Lot of times, projects were ending up in disputes. Half of the work we did was helping people detangle the mess of data that would ultimately explain what problems happened, who caused them, and how much it would cost,” said Pink. 

The platform analyzes schedule data, performance, delays, budget costs, and looks to asses deadline feasibility and possible risks associated with construction. 

Read Full Article Here

 

February 3, 2021

Scheduling Analytics Startup, SmartPM Technologies, Continues Rapid Growth in Construction Industry

SmartPM Triples Sales Revenue, Raises Close to $800,000 in Growth Funding, Looks to Hire More

ATLANTA (February 3, 2021) SmartPM Technologies Inc., a leading schedule analytics company for the construction industry, continued its unprecedented growth, despite the challenges the pandemic has presented in the marketplace.

The company closed another round of seed funding ($785K) in record time at the end of 2020, and saw its greatest gains in new customers in December 2020, tripling its sales revenue. Additionally, the company plans to hire a number of new employees throughout 2021.

“We are thrilled at the growth we have achieved this year and grateful to the many clients who put their trust in SmartPM, as we increased our customer base by 250%. We also couldn’t be where we are without our investors and are positioned for a continuation of rapid growth in 2021,” said Michael Pink, founder and CEO of SmartPM Technologies.

SmartPM serves businesses across the construction industry including, general contractors, owners and owner’s reps, developer/builders, government entities, and some of the world’s largest and prominent insurance and consulting firms.

 

 

December 12, 2020

The Rough Road to Innovation and Digitization in Construction Is Becoming Smoother

When it comes to adopting technology, the construction industry is known for being late to the party. It’s a reality that’s often chalked up to the people in construction collectively being “technology averse” or “old school.” While such characterizations may be partially true, the overall picture is significantly more complex. 

By Michael Pink, CEO SmartPM Technologies

The construction industry has indeed adopted technology over the years, dating back to when computers came on the scene. Technology for accounting, ERP, estimating, scheduling and project management has been utilized for some time now—perhaps not as much as in other industries, but there are reasons for the phenomenon. When measured as a percentage of revenue, statistics show construction industry technology spend is the lowest of any sector, at approximately 1.5%. However, that number is potentially misleading, because the cost of goods sold is heavily weighted by construction materials that can represent more than 65% of all construction costs. 

Regardless of how the low level of technology spend is interpreted, a digitization and innovation revolution is happening in the construction industry right now. So why did it take so long? There are several reasons.

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December 3, 2020

Pandemic Success: How To Minimize Financial Losses, Construction Overruns and Project Delays

These strategies will prepare your construction company to manage the risk and track and communicate the impact to control costs and schedules, and help avoid disputes arising from COVID-19’s construction impacts

By Michael Pink, CEO SmartPM Technologies

Never in our lifetime has the global economy simply halted. Yet, during the pandemic, it did — delaying a significant number of construction projects and leading many stakeholders to seek financial relief. A recent survey by the Associated General Contractors of America found that 75% of contractors had projects canceled or postponed due to COVID-19.

Despite the challenges, construction stakeholders can minimize risk and financial losses during the crisis. Here are the components of an effective action plan.

Read Full Article Here

 

 

October 26, 2020

Michael Pink, SmartPM Technologies (“Alpharetta Tech Talk”, Episode 20)

SmartPM Technologies Founder and CEO Michael Pink joins host John Ray to discuss how his company’s technology is changing the construction industry, in part by identifying and predicting a big pain point:  construction cost overruns. Michael also addresses how AI and machine learning will aid both contractors and owners, and how the pandemic affects the construction industry. “Alpharetta Tech Talk” is produced virtually by the North Fulton studio of Business RadioX® in Alpharetta.

Listen Here

 

 

October 07, 2020

SmartPM Declares Public API to Connect Schedule Analytics Platform with Business Intelligence and Dashboard Applications

SmartPM Technologies declares the launch of its open application programming interface (API)

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September 11, 2020

Executive Profile: Michael Pink helps the construction industry get their jobs done

Even when the city of Atlanta and the country shut down due to the coronavirus pandemic, construction, considered essential, continued. Michael Pink’s SmartPM app helps projects stay on schedule with its automated analytics platform for developers, project owners and contractors. With more than 17 years in the construction industry, Pink said he sees the industrial sector growing here as companies eschew other countries to produce their goods and services within the U.S.

What led you to your career?   After I graduated from Georgia Tech in 2001 as an industrial engineer, I looked for a consulting job in New York City. I took a position with KPMG in its construction consulting and dispute resolution practice. It wasn’t necessarily what I was looking for as a career, but I liked the company and saw it as a foot-in-the-door opportunity. Once I got there, however, I realized the construction industry had plenty of room for operational and procedural improvements. It was common for construction consultants to come from within the industry itself,  and industrial engineer consultants didn’t yet exist in the construction business. Essentially, it was a greenfield opportunity and a perfect fit for me. That experience is ultimately what led me to develop a data analytics technology for the construction industry, which I believe will add a level of systematic analytics that is necessary to improve most problems related to overruns, delays and disputes.

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