AI’s far-reaching impact extends to nearly every aspect of modern life. In this post-pandemic economy, the gradual evolution of tech-driven companies sparks hope for future prosperity. As AI becomes more integrated into various industries, project managers are contemplating, “How can AI benefit my approach to project management?”
“A lot” is the answer.
A study conducted by KPMG in 2020 sheds light on the remarkable potential AI holds. The study reveals that companies making strategic investments in AI are reaping substantial rewards, with an average project productivity improvement of 15%. This statistic alone underscores the tangible impact AI can have on the realm of project management.
Imagine being able to streamline cumbersome tasks, enhance decision-making processes, and optimise resource allocation, all with the assistance of AI. This technology has the potential to revolutionise the way projects are conceptualised, executed, and monitored. By automating routine and time-consuming tasks, project managers can redirect their focus towards more strategic aspects, fostering innovation and efficiency.
AI’s capabilities extend beyond mere automation. It can analyse vast datasets to extract invaluable insights, enabling project managers to make informed decisions grounded in data-driven evidence. This empowers teams to identify potential bottlenecks, mitigate risks, and seize opportunities for growth.
As we move forward in this era of AI-augmented project management, the key lies in embracing these advancements and harnessing their potential. By staying informed about AI trends, understanding its applications, and investing in the right tools and training, project managers can position themselves at the forefront of innovation.