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Artificial Intelligence in Project Management: The Present and The Future
Research by AXELOS back in 2017 showed that 90% (of the respondents) believe that the level and complexity of risks will increase in Project Management. This was one of the direct indications to the fact that there was and is a need for additional support in project management.
It is a popular belief that Artificial Intelligence and Machine Learning can be the answer to the increasing complexity. Sizable investment has already been made to make AI and ML available and become a key player in project management. According to Crunchbase, over 5000 start-ups were relying on ML in 2018 and in just a year, the number reached 9000. It is estimated by PwC that by 2030, AI will contribute $15.7 trillion to the global GDP.
The numbers are impressive and they make experts in the field inquisitive about the role of AI in project management. Will AI completely replace human involvement in the project? With AI an ML be sufficient to predict or identify all threats and take substantial measures to avoid them?
Well, the answer is ‘NO’. While AI has already started to supplement project management, the chance that it will completely remove human involvement is slim to zero. It will, however, supplement project managers and help in better project delivery.
