How Project Managers Are Using AI
From the AI IQ Blog
by Paul Boudreau
Technology offers an incredible opportunity to improve project performance. This blog shares the latest research and how organizations are implementing AI into their project methodology. Come with an open mind, increase your knowledge, share your concerns, and become a project manager with new skills to offer an organization.
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Categories
AI,
Artificial Intelligence,
Ethics,
Machine learning,
Natural language processing,
procurement,
Scope
Date
Based on discussions, AI is being used by many project managers and many project-based organizations. Here are some practical examples of how AI is being used to improve project performance.
Generative AI
1. Generate sample templates. Project managers use tools such as ChatGPT to create a basic structure for scope, schedule, and risk documents that can be adapted to their projects.
2. Check for a comprehensive capture of the project plan. This consists of informing AI about the project and asking AI to review documents such as the scope requirements or risk details to check if the project documents have missed any items that should be included.
3. Check for solutions. For specific risks, project managers ask for mitigation strategies, select an appropriate one, and make adjustments as needed to use for their project.
Machine Learning
1. Prioritization. For organizations with many concurrent projects, machine learning is used to predict which ones have a high probability of success or provide the highest value. Decisions are made to prioritize or terminate projects in consideration of limited funding and organizational focus.
2. Early warning. Organizations use machine learning to receive early warning of deterioration of budget or schedule performance before a human can detect the impending variance. This allows more time to develop mitigation or action plans to avoid or recover the variance.
Natural Language Processing (NLP)
1. Procurement bids. Project managers use NLP tools to compare bid submissions and identify inconsistencies.
2. Requirements issues. Project managers use NLP tools to find errors and omissions in requirements documents. I recently worked with two government organizations to implement this capability.
AI in project management is rapidly becoming a standard process and valued methodology. Knowledge of how to use the technology is increasing, and project managers are seeing productivity gains from using AI. Finding additional practical applications and use cases will improve the value of this technology in project management.
Posted on: November 18, 2024 12:00 AM |
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Comments (8)
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I want a AI tool which can transfer data from other BIM software’s Optimizes schedules and resource allocation before transferring it to Microsoft Project and than Work on Dynamic Monitoring tracks project progress and adjusts schedules automatically, ensuring on-time and on-budget delivery as well as other aspects of project management.
Paul Boudreau
President| Stonemeadow Consulting
Kanata, Ontario, Canada
Thank you for the comment. I replied by email.
Kwiyuh Michael Wepngong
Community Champion
Financial Management Specialist | US Peace Corps / Cameroon
Yaounde, Centre, Cameroon
Your writeups keep encouraging me to dive into the AI world!
Thank you Paul
Heba Rezk
Technical Program Manager| .
Vancouver, British Columbia, Canada
Thanks Paul for your article, i wonder if you have tried any AI tool recently for Prioritization
Venkatasamy Ramesh
Project Management| TNEB,Saudi Electricity Company -National Grid
Chennai, India
Thanks Paul for your AI article.I need AI tool to manage data
Paul Boudreau
President| Stonemeadow Consulting
Kanata, Ontario, Canada
@Heba. Regarding prioritization. Yes, I have been working with Antonio Nieto-Rodrigues on that. If you want more info send me a message.
Appreciate you sharing this article. It is really helpful for a clearer and quicker understanding!
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