Like it or not, Artificial Intelligence (AI) is coming to a project near to you. As well as adaptations of the generic tools such as ChatGPT many new tools are being released and established tools upgraded to embed AI in various ways. But care is needed – “Garbage in, Garbage out” can still diminish the value of AI.
Generative AI tool that create content based on their ‘large language model’ need to be trained on quality resources rather than the mass of misinformation floating around the internet. This is not hard to do and can generate impressive results (but be careful of copyright). Most project management tools with embedded AI are built around machine learning (ML) and learn from the data you generate; the more advanced tools then apply AI to create insights.
These enhanced tools bring almost limitless processing capabilities to give meaning to data and help make crucial decisions to achieve project strategies. They can take over various technical tasks allowing project managers to deal with more crucial tasks as well as improving various estimating and risk assessment processes by provide insights from previous projects to enable managers to do a better job. These systems can also assist by keeping track of the project and checking key metrics like budgets, milestones, and other resources.
AI is still improving, and so are AI project management tools. All of this creates numerous benefits for the project management process. However, here are some core benefits you can expect right away.
- Better Project Estimations
- Improved Scheduling and Planning
- More reliable Roadmaps and Budgets
- More Predictability
There are a surprisingly large number of tools embedding ML and/or AI, too many to list here! What we have done is augment the Mosaic PM Software and Tools listing to highlight tools with some ML or AI capability – look for the blue – AI – in the categorized listings at:
https://mosaicprojects.com.au/PMKI-SCH-030.php
If you know of any additional tools missing from the list (or tools in the list that should be flagged ‘AI’) let me know and I will update the list.
For more on the application of AI to project management software see: https://mosaicprojects.com.au/PMKI-SCH-033.php#AI
Pat Weaver
Lynda Bourne
Aavssitedev's Blog
Pat, those of us who have been using the “Trend Line” feature of Excel since it became available about 2007??? have been using trend lines to FORECAST SV and CV as well as SPI and CPI.
We have also been using Excel to create Statistical Process Control Charts to see if Work Flow Processes are both CAPABLE and are IN our OUT of control.
While not the same “full blown” AI as using ChatGPT today, many of us CONTRACTORS have been using the “Data Analysis” capabilities of Excel from around 2000.
We have also been playing with Systems Dynamics to replace “Forward Pass/Backwards Pass” but not much less with my interest. We are hoping some of the Neural Networks will replace the long outdated and largely useless MSP and P6 software.
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