CLCF06
LanguageENG
PublishYear2024
publishCompany
Wiley
EISBN
9781394232239
PISBN
9781394232215
- Product Details
- Contents
AI-Driven Project Management: Harnessing the Power of Artificial Intelligence and ChatGPT to Achieve Peak Productivity and Success reveals new opportunities for project leaders to embrace the power of AI in project management (PM-AI). PM-AI is a system that can perform the day-to-day management and administration of projects without requiring human input. It will not only automate simple tasks but will also develop an understanding of key project performance. Author and leading project management expert Kristian Bainey focuses on four areas where project leaders can achieve improved results with AIs data-centric capabilities: Reduce the element of surprise--The correlation capabilities of AI and machine learning help mitigate time and budget risks. Become a bias buster--Projects are prone to cognitive biases, especially at the planning stage. By using historical data and processes like reference class forecasting, project leaders can estimate realistic project values. Create more time to develop higher standards--Generating reports takes up a lot of time for project leaders. Yet several AI-based tools can provide instant, on-demand reporting in just a matter of minutes--and that frees up more time for project managers to strategize and lead. Accelerate decision making--Project leaders will find it easier to handle difficult problems with supporting data. AI accelerates decision making by complementing project objectives with data-driven recommendations. Gartner predicts by 2030, 80% of project management tasks will be run by AI, powered by big data, machine learning (ML), and natural language processing. Microsoft, AWS, and Google and other IT companies have already developed algorithms to apply Generative AI and ML to project management. While many variables drive project success, studies have shown that Project Management AI (PM-AI) can boost project success rates by 15-25%. At the same time, caution is necessary when using PM-AI. PMs still need to curate PM-AI results for bias, consistency, and accuracy. This is the book for helping you gain insights and learn best practices for putting PM-AI to work for you and your team to acheive the results you want!