The Impact of Artificial Intelligence on Stakeholder Relations Management Practices
The following article was originally published by the International Institute for Learning.
Every year, numerous articles are written that describe new approaches to management and leadership practices. The applications for the new approaches cover all industries and situations. The focus of this article is to discuss some of the challenges facing the linkage between artificial intelligence (AI), project management, and stakeholder relations management.
The Benefits of AI [1]
The worldwide project management community of practice has recognized how AI will be able to improve the implementation of project management. Some of the expected project management benefits from AI include:
- Elimination of mundane tasks or repetitive jobs
- Elimination of human errors
- More risk mitigation options
- 24/7 availability
- Better data analysis
- Improvements in project staffing
- Unbiased decision-making
- Reduction in the time needed for decision-making
- Elimination of emotions in decision-making
- More information available for project decision-making
- Better understanding of the root causes of some problems
- Lowering of project costs
- Better tracking of assumptions, constraints, and trends
- Better use of “what if” scenarios
- Better tracking of the enterprise’s environmental factors
There are, of course, more benefits that could have…
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You suffer for your soup. - Kramer |
