Artificial intelligence (AI) is causing drastic change in the business world, and this is only going to continue with an expected annual growth rate of 37.3% from 2023 to 2030. Which is no surprise when 64% expect AI to increase productivity.
Companies are quickly realising the advantages of leveraging AI and the value it can bring, but for some adopting it may seem a daunting task. By implementing AI into a structured methodology like PRINCE2, project management professionals will be able to utilise AI to its full potential.
What types of artificial intelligence are most useful for project managers?
Leveraging the right types of AI technologies, can assist with multiple elements of project management including communication, resource allocation, process automation, and more.
The types of AI that can be of most use to project managers include:
- Expert systems: Designed to mimic human expertise, providing guidance and recommendations based on a predefined set of rules expert systems can work alongside PRINCE2 to automate processes for risk management, change control and quality management. Which allows both project managers and teams to work on strategic project elements
- Natural language processing (NLP): NLP can help project managers analyse and understand textual data from various sources. In a PRINCE2 environment this could assist a project manager to enhance stakeholder communication, identify risks and critical information, and evaluate project documentation
- Chatbots and virtual assistants: AI powered chatbots can provide real-time support to project managers and team members, they can answer questions, provide status updates at project stages, and help facilitate communication between team members
- Decision support systems (DSS): DSS can aid PRINCE2 certified project managers to make informed decisions regarding project planning, resource allocation, and more, enhancing decision-making capabilities and improving overall project outcomes
What are the benefits of AI usage for PRINCE2 qualified professionals?
Adopting AI can have numerous benefits, as it enables businesses to provide better value to their customers and drive continuous improvement within the organisation. These benefits include:
- Easier risk identification and mitigation
- Enhanced data-driven decision making
- Analysing past projects to make predictions
- Improved quality management
- More accurate project planning
- Allocating resources based on team skill analysis
- And more…
Source: prince2.com
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