Predictive analysis for better decision making and prioritization

Artificial Intelligence

Laurence Allaire-Poirier Montreal, Quebec, Canada

Hello community,
I am exploring the use of AI and data science in general to improve decision making, portfolio prioritization and risk/issue anticipation. Anybody has experience on that? I'm looking at predictive modelling using historic data from past projects/portfolio.
Thanks in advance!

Posted: Dec 8, 2024 5:58 PM

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Laura Schofield

PMI Team Member

Community Specialist| Project Management Institute Newtown Square, PA, United States

Hi Laurence, thanks for posting your question! To get things started, here are some related discussion threads (and community members to potentially connect with):

https://www.projectmanagement.com/discussi...decision-making

https://www.projectmanagement.com/discussi...nagement--quot-

https://www.projectmanagement.com/discussi...ics-for-success

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

https://www.projectmanagement.com/discussi...igating-risks--

I also found this article interesting:
https://www.projectmanagement.com/articles...lection-with-ai

I look forward to hearing others' first-hand experience.

Posted: Dec 10, 2024 9:53 AM

Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina

Sure. First of all: remember that AI is a board term. We are using AI for the type of things you stated from more than 40 years ago. So, nothing new below the sun. But, the thing explodes with the new model of generative Ai published on 2017 that create a big movement on the world. But this is not AI. It is just a subset of AI. With that said, in AI, decisions ALWAYS are on hand of human beings. In the Ai world this is calling "human in the loop". With AI will help is, between other things, analyze a big amount of data (all the data availabe "in the universe" if we talk about generative AI) to synthetize and/or get some kind of suggestions with probabilities associated to the data that could help to take decisions. To do that, it is a hard work to do starting for all related to today called Data Science.

Posted: Dec 10, 2024 12:43 PM

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Predictive analysis for better decision making and prioritization

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