Artificial Intelligence (AI) can significantly enhance project management in various ways. Here are some ways in which AI can improve project management:
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Projects vs. BAU
"A set of techniques to examine and describe the gap between current performance and desired future goals."
Enterprise Portfolio Management (EPM) is a set of interrelated techniques and/or activities, systematically applied to maximize a company's investment decisions. This involves a centralized view of all major projects within the organization, viewing them as one portfolio or a set of portfolios being led by functional departments (IT, HR, Finance, Marketing, Logistics etc.).
Bottom-up estimating involves the estimation of work at the lowest possible level of detail. These estimates are then aggregated in order to arrive at summary totals. By building detailed cost and time estimates for a work package, the probability of being able to meet the estimated amounts improves substantially. Bottom-up estimates take more time to complete, but they also are more accurate than either analogous or parametric estimates.
A set of techniques used by a workshop leader, or facilitator, to improve the operation of a workshop or project team meeting. The benefits of applying facilitation techniques include:
ENG: A technique used to integrate all change activities into a total business sequence change program. All aspects of managerial, operational, social and technological change must be driven by the needs of the business (enterprise). All changes are identified and prioritized for proper sequencing to maximize the benefit stream vis-à-vis constraints
Bold textProject Time Management Knowledge Area
A technique used to experiment with new ideas or concepts at relatively low cost. Prototyping is used to model and create a functional form of a newly redesigned or reengineered component of a value stream. It is utilized to test alternative approaches and to validate that they represent real improvements. The greatest value is to study changes that could be very beneficial if implemented correctly, but could be extremely disruptive to the enterprise if implemented incorrectly.
A graphic technique, (also known as fishbone diagrams, herringbone diagrams, cause-and-effect diagrams, or Ishikawa) is used for displaying characteristics of a given situation or problem.