Sometime in the near future, the CEO of a large telecom provider is using a smartphone app to check on her organization’s seven strategic initiatives. Within a few taps, she knows the status of every project and what percentage of expected benefits each one has delivered. Project charters and key performance indicators are available in moments, as are each team member’s morale level and the overall buy-in of critical stakeholders.
How AI Will Transform Project Management
Only 35% of projects today are completed successfully. One reason for this disappointing rate is the low level of maturity of technologies available for project management. This is about to change. Researchers, startups, and innovating organizations, are beginning to apply AI, machine learning, and other advanced technologies to project management, and by 2030 the field will undergo major shifts. Technology will soon improve project selection and prioritization, monitor progress, speed up reporting, and facilitate testing. Project managers, aided by virtual project assistants, will find their roles more focused on coaching and stakeholder management than on administration and manual tasks. The author show how organizations that want to reap the benefits of project management technologies should begin today by gathering and cleaning project data, preparing their people, and dedicating the resources necessary to drive this transformation.