Can AI help avoid project nightmares?

Artificial Intelligence Risk Management

Dr. Deepa Bhide Hyderabad, Telangana, India

AI is making inroads into project management in many ways, and one of them is generating project insights. My PM friend met me the other day and seemed worried. I knew him to be a voracious user/supporter/consumer of AI for his project and supporting senior leadership with relevant details. He had been confident in using the right data and also having the right controls to ensure the reports were accurate.

Just as he was about to consolidate the last quarter reports, he realized something seriously wrong with the insights. He was staring at a project nightmare! What could have gone wrong? Didn't AI alert him at the right time? How should he analyze this situation?
Would like to know your thoughts

Posted: Mar 30, 2024 10:07 AM

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Rami Kaibni

Community Champion

Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada

Deepa, difficult to know what has gone wrong before knowing more details but in general, you shouldn't rely on AI to alert you especially that AI is still in it's infancy. A PM should always verify the data themselves as if AI doesn't exist. If AI can help with something at the moment, its helping decision makers make more informed decision beased on data.

Posted: Mar 30, 2024 2:43 PM

Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada

Deepa -

A lot depends on the quality of the AI model and what it was trained on. Otherwise we will realize the same risks as the folks who blindly follow GPS directions into lakes...

Kiron

Posted: Mar 30, 2024 6:30 PM

William M Hayden Jr Adjunct Assistant Professor| University at Buffalo, School of Management, Operations Management & Strategy Buffalo, Ny, United States

Re: "Would like to know your thoughts"
At least 60% of projects fail to meet their requirements in either one or more elements of scope, schedule or budget.
While tech may surface, the root-causes are the lack of education "How to play nice with others."
i.e., Knowledge and skill to collaborate, cooperate, communicate with people.
i.e., to first seek understanding . . .

So then, absent such knowledge, with AI now projects can simply fail sooner!
Cheers,
Bill

Posted: Mar 31, 2024 11:22 AM

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Can AI help avoid project nightmares?

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