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The AI Revolution: When Will It Replace Traditional Project Managers?
The role of artificial intelligence (AI) and automation in business is rapidly increasing, prompting the question: When will AI replace the traditional project manager? While the human role and intelligence are irreplaceable, it's essential to objectively examine the situation and identify six factors where AI has already demonstrated superiority over traditional project managers. Data Analysis and Prediction: AI can process massive amounts of data and identify meaningful patterns and trends. It can provide accurate ...
How AI supports Project Steering Group
The project steering committee is main governing body within an enterprise that looks after the proposal and execution of projects. They ensure that the proper deliverables are met and the project is in line with key company goals. This includes approval of budget, defining standards and goals, devising project strategy, risk assessment, quality checks and adherence to time-line. The project steering committee is the body to which a project managers report to. The project manager attends meetings and informs the committee regarding the status of the project along with addressing doubts and concerns.
What Project Manager should Learn from Robots
With the rapid progress in AI, robotics and automation technologies, most jibs are being replaced by automated systems and robots. Be it a white collar job or a blue collar one, both are affected by the rise in automated technologies and machine learning. Growth in machine learning capabilities has allowed machines to become more independent by allowing them to react to real-time changes without being pre-programmed for such tasks. Also it doesn’t take long for them to analyze extremely large data sets and generate accurate reports. This has resulted in the disruption of current industrial practices.
How to add Artificial Intelligence into Project Resource Management?
For the execution of any project, organizations require resources such as people, material, equipment, time, knowledge and skill. But these come at a cost and so no firm has unlimited access to a range of resources. For maximizing profits, it is therefore important to share the available resources judiciously among projects such that all project deadlines are met while quality output is generated. That is why resource management is a critical aspect of any project, especially for efficient financial operations.