How AI is Revolutionizing Project Management
In the realm of project management, transformation is on the horizon. The current success rate for projects, a mere 35%, is far from satisfactory and one significant contributing factor to this underwhelming performance is the outdated technology underpinning project management tools, as highlighted in the Harvard Business School article "How AI Will Transform Project Management." But change is coming.
Artificial Intelligence (AI) is poised to become the linchpin in a project manager's toolkit, ushering in an era of remarkable improvement. Imagine a future where 80% of project management tasks are orchestrated by AI, drawing upon vast datasets, machine learning, and natural language processing. This isn't just a distant dream; it's a prediction from Gartner for the year 2030.
AI's profound impact on project management revolutionizes selection, prioritization, planning and tracking. Machine Learning aids in identifying high-success probability projects and ensures a value-focused portfolio. It elevates the role of project managers, emphasizing soft skills and leadership, while PMOs become dynamic data repositories predicting issues and guiding methodologies. AI-driven ML, natural language processing, and plain text outputs streamline project scoping, scheduling, and reporting for real-time insights.
We believe you'll find the information in this newsletter which highlights how AI is a significant asset in project management, will captivate and enlighten you.
5 Ways Artificial Intelligence (AI) Will Aid Project Management
The article authored by Bhaskar S dwells on how Artificial Intelligence (AI) is transforming project management, enhancing efficiency, and reducing errors. With AI chatbots streamlining tasks and managing them, predictive analytics tools help estimate project resources accurately and the impact of automation of routine tasks improves productivity and allows teams to focus on innovation. AI aids in data-driven decision-making, making project management more efficient. |
How AI Will Transform Project Management
The article by Antonio Nieto-Rodriguez and Ricardo Viana Vargas, published in Harward Business Review, discusses how AI is poised to revolutionize project management. With AI-driven apps providing real-time project insights and decision support, project managers must adapt and develop tech literacy. AI won't replace them but shift their focus to value-driven work, emphasizing the importance of power skills, such as collaboration and problem-solving, in a tech-driven environment. |
How AI is Changing the Role of Project Leaders
This PMI article emphasizes the essential role of AI acceptance by project leaders as its integration grows in industries. It highlights the PMI survey, showcasing the extensive AI adoption. Project managers must enhance tech literacy, understanding that AI enhances tasks but doesn't replace managers; it reshapes their focus towards value-driven work. In this tech-driven landscape, power skills like collaboration and problem-solving gain significance. Published by PMI. |
| Webinar: 5 Ways to AI-Proof Your Project Management Career |
Ready to Future-Proof Your Project Management Career? Join our exclusive webinar where Elizabeth Harrin, APM Fellow and author of Managing Multiple Projects, will share 5 ways to future-proof your career in a world where AI is here to stay. Elizabeth Harrin would discuss the impact of AI on project management and would provide insights into future-proofing a career amid AI's rise, emphasizing crucial skills and AI collaboration. A live Q&A session is included. |
PMI Global Summit 2023
We’re thrilled to announce that NimbleWork has taken the spotlight as a Platinum Sponsor at this year’s PMI Global Summit! PMI Global Summit 2023 will bring together the leaders and project professionals committed to making ideas into reality. |