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How can Generative AI be used to evaluate the economics such as NPV, IRR, ROI etc analysis of asset integrity projects

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KEMEPUADOR DUOBOYE PM II| Oando Energy Resources Port Harcourt, Rivers State, Nigeria
In the ranking and selection of  projects for execution with limited resources,  economic analysis are required utilizing criteria such as NPV, IRR, ROI etc. 
in the Energy sector, Development projects with associated reserve  could be evaluated with these economic criteria.
Over  the life of the asset integrity intervention projects are required. How best can economic analysis such as NPV, ROI, IRR etc be utilize for the ranking and selection of asset integrity projects. 
 
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Kemepuador -

Could you clarify the expectations you'd have for a Gen AI tool assisting in this manner? Whether the analysis is done manually, by a traditional tools (e.g. MS Excel) calculating these financial metrics or by a Gen AI tool, without good quality inputs and a leadership team willing to act on the outputs, it won't make any difference to the final state.

Kiron
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
You will find good examples inside the PMI´s related courses. Those courses are related to GenAI. But you do not need GenAI for this. AI in general could help you a lot, just in case you have historical data available. But take into account this: all depends on the person who is making the analysis, how much knowledge she/he has on the matter. AI is just a tool to make it easy hard task like massive data analysis to convert it into information.
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Rami Kaibni
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Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Kemepuador, scenario modeling and forecasting is one area AI can be used to simulate different scenarios and forecast future outcomes based on historical data and various assumptions.

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