Martin Paver: How data trusts will unlock Net Zero goals

Copyright Projecting Success 2021
www.projectingsuccess.co.uk
19 October 2021
How Data Trusts
will Unlock Net
Zero Goals
19 Oct 2021
Martin Paver
CEO Projecting Success
martinpaver@projectingsuccess.co.uk

19 October 2021
Scope Is Net Zero only about removing carbon from our
economy
or
is it also about UN SDGs, reducing waste and ensuring
that we use our resources efficiently?

19 October 2021
Do we understand the impact of our projects on Net
Zero and SDG targets?

19 October 2021
Credit: https://www.chadfrischmann.com/drawdown-global-goals
• How do we track our collective impact?
• How do we pool our experience and optimise?
• Trade off decisions? Models?
• Evidence base and underpinning data
• What are the implications of delay?
• Impact of waste, rework, inefficiency?
• How does loss of investor confidence impact new
major projects?

19 October 2021
How do we
accelerate energy
transition and
make projects
more investable?

19 October 2021
It is a
system
issue

19 October 2021
Do we deploy our resources efficiently?

19 October 2021
Example: Do we deploy resources efficiently?
Exhaust plume
from project
delivery

19 October 2021
2018 2021
£14.8 Bn £18.9 Bn – 28% cost increase
3.5 years later than planned

19 October 2021
A vast amount of hard
won experience
Codified in data
But impossible to access

19 October 2021
But we won’t
repeat the same
issues again will
we?

19 October 2021
How can a Data Trust help?

19 October 2021
“A data trust is a legal structure that
provides independent stewardship of data.
The organisations that collect and hold
data permit an independent institution to
make decisions about how that data is used
and shared for an agreed purpose.
The data trust becomes a steward of the
data, taking responsibility to make
decisions about the data and ensure they
support the data trust’s purpose”
Definition

19 October 2021
Client Supplier 1 Supplier 2 Supplier 3 Supplier 4
Traditional
Model
Common Data
Environment
Data Trust
Data access based on risk
assessment and terms of
use agreements

19 October 2021
Why a Data Trust?
Elevator Pitch
• We will extract and securely combine project delivery data to drive up project
delivery performance; making projects safer, greener, more productive, certain
and investable.
• This will:
• Facilitate a transformation in how we deliver projects.
• Help us to collectively leverage our hard won experience using advanced
analytics. We drive a step change in how we deliver projects.
• Provide insights that would have otherwise have been impossible.
• In order to do this we will:
• Ensure that our data aligns with the problems we aspire to solve.
• Collaborate to deliver the data volumes necessary for high end analytics.
• Provide the insights and motivation to recognise and extract the intrinsic
value in our data that lies largely undiscovered and out of reach.

19 October 2021
“Projects need good data to
appropriately track programme
performance, but the underlying
data which communicates
progress can be poor.”
We begin to shine a light on data
and view it as an asset, not an
exhaust plum

19 October 2021
Example 1: Construction Data Trust
• 6 organisations collaborating at CEO level
• Directed by Productivity Task Force
• Addressing shared productivity challenges
• Agreement to securely pool data in a trust
• Ambition to move into net zero, quality, H&S
• Supported by ODI and Microsoft

19 October 2021
Example 2: Decommissioning Data Trust
• £50bn of decommissioning projects in North Sea
• How can we pool data to:
• Accelerate decom of oil and gas assets
• Drive up productivity, reduce risk, improve safety
• Reduce carbon impact
• Improve delivery confidence
• Demonstrate viability of trust to support energy transition
• Supported by ODI and Microsoft

19 October 2021
By working together we accelerate
Key decisions are increasingly
evidence based
We leverage the wisdom and
experience of the crowd

19 October 2021
We challenge established
norms
We transform ways of
working
We align data with the
problems we aspire to solve

19 October 2021
We provide the volume of data to:
• Join unconnected, siloed data
• Train machine learning models
• Enable us to pre-empt risks/issues
• Run models and optimise
• Understand system impacts
• Inspire new innovations

19 October 2021
A new dawn is here
Are you ready for it?

19 October 2021
Martin Paver
CEO Projecting Success
martinpaver@projectingsuccess.co.uk
https://www.linkedin.com/in/martin-paver-51288423/
Project Data Academy https://bit.ly/3gPXzyL

Martin Paver: How data trusts will unlock Net Zero goals

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Martin Paver: How data trusts will unlock Net Zero goals