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How is AI being used currently in project risk management?

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Dennis Makhandia Management student at TU Munich| Technical University Of Munich Germany
I am curious to get a rough overview of how AI is being used in Project Risk Management currently
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Laura Schofield
PMI Team Member
Community Specialist| Project Management Institute Newtown Square, PA, United States
Hi Dennis, thanks for your post!

This article, "4 Ways AI Can Improve Agile Risk Management," may be a good place to start: https://www.projectmanagement.com/articles...isk-management.

There has also been some previous discussion within the community around AI and risk management that you may find interesting:

https://www.projectmanagement.com/discussi...ts-in-projects-

https://www.projectmanagement.com/discussi...igating-risks--
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AHMED ALZUBIDY Senior Advanced Geologist| Ministry of Industry and Mineral Resources Jeddah, Makkah Al Mukarramah, Saudi Arabia
I am not against the use of artificial intelligence, but I am completely against relying on it. As for relying on software that helps in developing proposals and leaves us the opportunity to choose appropriate solutions, there is nothing wrong with it.
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1 reply by Md Rahman
Jan 10, 2024 6:12 PM
Md Rahman
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As In understand, communities, professionals and governments all over the world advocating for the use of AI clearly articulates the necessity of human in the loop and as such governments are developing regulations to support it including to ensure the ethical use of AI.
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Md Rahman Project Manager| The Australian Trade and Investment Commission (Austrade) Sydney, Nsw, Australia
Hi Dennis,
I found the below presentation helpful to understand how AI could help the PMs including Risk Management. For example, it could help identifying risks and mitigation strategy based on the project information.

ProjectManagement.com - The Rise of AI: How AI is Revolutionizing Project Management

Also, you could get some insights from this article Shaping the Future of Project Management With AI | PMI
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Md Rahman Project Manager| The Australian Trade and Investment Commission (Austrade) Sydney, Nsw, Australia
Jan 10, 2024 4:25 PM
Replying to AHMED ALZUBIDY
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I am not against the use of artificial intelligence, but I am completely against relying on it. As for relying on software that helps in developing proposals and leaves us the opportunity to choose appropriate solutions, there is nothing wrong with it.
As In understand, communities, professionals and governments all over the world advocating for the use of AI clearly articulates the necessity of human in the loop and as such governments are developing regulations to support it including to ensure the ethical use of AI.
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VerĂ³nica Elizabeth Pozo Ruiz RYLAI Access Control Quito, Pichincha, Ecuador
AI Platforms for Risk Management work analyzing large volumes of data, to get patrons and tendencies that help to predict results, create models, monitor status, and help to attain business objectives.

There are various AI software for managing risks, like GRC Platform, ZenGRC, Splunk Enterprise, IBM Watson, H20.ai, Palantir, and many others.

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