How The Project Management Office Can Use Artificial Intelligence To Improve The Bottom Line

Artificial Intelligence is finally making its way into project management and the challenge is to take advantage of all the benefits and avoid the pitfalls. In a highly competitive industrial environment, the PMO is in an ideal position to understand, adopt and optimize AI tools for project management. The PMO can align corporate objectives to the new technology and vastly improve the bottom line.This is a both a practical guide and visionary description of how AI will disrupt project management and how the PMO can harness this capability to create a substantial competitive advantage for the organization.

Enabling project managers to adapt to the new technology of artificial intelligence, this first comprehensive book on the topic discusses how AI will reinvent the project world and allow project managers to focus on people. Studies show that by 2030, 80 percent of project management tasks, such as data collection, reporting, and predictive analysis, will be carried out by AI in a consistent and efficient manner. This book sets out to explore what this will mean for project managers around the world and equips them to embrace this technological advantage for greater project success. Filled with insights and examples from tech providers and project experts, this book is an invaluable resource for PMO leaders, change executives, project managers, programme managers, and portfolio managers. Anyone who is part of the global community of change and project leadership needs to accept and understand the fast- approaching AI technology, and this book shows how to use it to their advantage.

Author Paul Boudreau shares the keys to project management success using a modern approach: artificial intelligence. Within the pages of Applying Artificial Intelligence to Project Management, Boudreau describes five AI tools in concept and how they apply directly to project success, as well as the strategy and method to use to purchase and implement AI tools for project management. Understand the difference between automating a task and changing it by using AI. Discover how AI uses data and the importance of data maintenance. Learn why projects fail and how using artificial intelligence for project management improves project success rates. Read project management success stories in one of the best business books on machine learning, and prepare to leave behind that 50 percent project success rate for one that's 95 percent or higher.

Artificial intelligence (AI) has grown in presence in asset management and has revolutionized the sector in many ways. It has improved portfolio management, trading, and risk management practices by increasing efficiency, accuracy, and compliance. In particular, AI techniques help construct portfolios based on more accurate risk and return forecasts and more complex constraints. Trading algorithms use AI to devise novel trading signals and execute trades with lower transaction costs. AI also improves risk modeling and forecasting by generating insights from new data sources. Finally, robo-advisors owe a large part of their success to AI techniques. Yet the use of AI can also create new risks and challenges, such as those resulting from model opacity, complexity, and reliance on data integrity.

The book is a work of experience and research on contemporary issues in project management. In a clean swoop and erudite scholarship, it examines why the mechanism invented to improve project management has proved abortive or ineffective, the factors that trigger the failure of these techniques to improve success, and how the advantage of turning innovative technologies into tools and make diligent use of it will increase project management efficiency. This book confers the need for project leaders rather than project managers; deals with how to create a cordial relationship between project leaders and team members, giving them the opportunity to contribute their ideas or initiatives to the success of a project. The book introduces Project Management Transformation Framework (PMTF) and Innovation Project Management Office (IPMO) and the balanced relationship between project leaders and the IPMO . The PMTF uses emerging technologies such as the Internet of things and artificial intelligence and discusses project leadership qualities. All of which are meticulously and adroitly developed in both length and breadth in a straightforward language. It goes further to reveal some of the salient points and raise posers to the questions which project leaders must ask themselves. The author has produced this educative and quite challenging tool which will stimulate discussions and debates amongst the general public more especially project leaders. This book is aimed to fulfill the yearnings of project leaders in finding solutions to why there is a continuous fail of project management despite all corrective steps or methods that have been used. Written in simple and compelling language, its rendition amply demonstrates the high grasp and appreciation of the subject. The value of this scholarly work is also enhanced by its successful attempt at domesticating the concepts to general context. From the preceding, therefore, this book is for all project management professionals and the general interest readers as well make bold to say that this book encapsulates all the solutions to various jigsaws that stare project management professionals in the face.

Artificial Intelligence (AI) in Healthcare is more than a comprehensive introduction to artificial intelligence as a tool in the generation and analysis of healthcare data. The book is split into two sections where the first section describes the current healthcare challenges and the rise of AI in this arena. The ten following chapters are written by specialists in each area, covering the whole healthcare ecosystem. First, the AI applications in drug design and drug development are presented followed by its applications in the field of cancer diagnostics, treatment and medical imaging. Subsequently, the application of AI in medical devices and surgery are covered as well as remote patient monitoring. Finally, the book dives into the topics of security, privacy, information sharing, health insurances and legal aspects of AI in healthcare. Highlights different data techniques in healthcare data analysis, including machine learning and data mining Illustrates different applications and challenges across the design, implementation and management of intelligent systems and healthcare data networks Includes applications and case studies across all areas of AI in healthcare data

Accelerate your next project with artificial intelligence and ChatGPT In AI-Driven Project Management: Harnessing the Power of Artificial Intelligence and ChatGPT to Achieve Peak Productivity and Success, veteran IT and project management advisor Kristian Bainey delivers an insightful collection of strategies for automating the administration and management of projects. In the book, the author focuses on four key areas where project leaders can achieve improved results with AI's data-centric capabilities: minimizing surprises, minimizing bias, increasing standards, and accelerating decision making. You'll also find: Primers on the role of AI and ChatGPT in Agile, Hybrid, and Predictive approaches to project management How to accurately forecast a project with ChatGPT Techniques for crafting impactful AI strategy using AI project management principles Perfect for managers, executives, and business leaders everywhere, AI-Driven Project Management is also a must-read for project management professionals, tech professionals and enthusiasts, and anyone else interested in the intersection of artificial intelligence, machine learning, and project management.

In today's highly competitive marketplace, organizations want more from project management than on-time, under-budget delivery. Just like labor, technology and equipment, project management is seen as a corporate asset that is expected to contribute to the bottom line. It must deliver a profitable return on investment if it is to become a strategic business asset, and not just another drill press in the corporate tool crib. In Quantifying the Value of Project Management, William Ibbs and Justin Reginato, from the University of California at Berkeley, explore real-world data from 52 U.S. corporations and find the key to a high return on investment. It is project management maturity. Mature project management departments have more on-time, under-budget projects; less variable schedules and expenses; and decreased cost ratios. Project management maturity benefits extend to the parent company where Dr. Ibbs finds lower utilization rates, higher production rates and lower operating costs. Dr. Ibbs shows how to assess project management maturity and track its development. The details of these groundbreaking discoveries are presented in a style that combines the wit of Fortune magazine with the sophistication and rigor of an academic contribution to the Project Management Journal(R). If you are looking for a comeback to those who want proof of project management's corporate value, Quantifying the Value of Project Management lays out all the evidence you need.