Project Management

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What is the addition in which artificial intelligence may develop project management strategies and financial management for projects?

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Jamal Al Abri Sr. Project Engineer| Petrolum Development Oman Muscat, Oman, Oman
Does artificial intelligence have the ability to analyze the market and the policies of countries to choose the appropriate strategies for projects and the best way to finance them.. as well as to choose the appropriate contracts through analyzing companies and their capabilities to work and manage projects.
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
AI always helps on analsis but the final decision is on hands of human beings. The types of expert systems you describe above will get three options with probability associated to them then the human being decide. Important thing is to take into account that AI will "simulate" the same a human being does so AI entity (software or whatever) has to be created then developers has to work with a subject matter expert to put her/his knowledge in the code then it has to be trained what could take weeks or month in some cases. So, like other things, a matter of cost/benefit relation.
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Jamal -

Could an AI tool eventually do this? Absolutely, given sufficient time and quality historical project and economic data to learn on.

Right now, I don't believe any such commercially available tool exists, but it is possible that it is being developed within the development ministries of one or more countries.

Kiron
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Jamal

My thoughts are in line with Kiron’s - At the moment, I believe governments are working on this and adopting third party software and AI tools such as Palantir and others.

It will be interesting to see how this will evolve.

RK
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Shakeel Anwar Bhatti Abu Dhabi, , United Arab Emirates
I think that AI has the potential to analyze various aspects of markets, policies, strategies, and companies to aid in decision-making for projects and financing.
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Abolfazl Yousefi Darestani Manager, Quality and Continuous Improvement| Hörmann-TNR Industrial Doors Newmarket, Ontario, Canada
It depends on the data that you already have. It can do a lot! But, do they apply to your case? may or may not!

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