Revolutionizing Project Management: How Artificial Intelligence is Shaping the Future of Project Planning and Execution

Abstract

With the COVID-19 pandemic came new challenges.  One such challenge was in project management processes, including coordinating team members through remote work and managing suppliers who could not be visited in person. In response, artificial intelligence (AI) emerged as an essential tool across industries in transforming project management by driving improvement in planning and execution. The following article explicates how AI helps a project manager through predictive analytics, smart resource allocation, real-time insights, and task automation to make better decisions and improve operational efficiency with correct forecasting. AI-powered tools help increase the predictability of the risks to be faced, optimize resource utilization, and automate repetitive tasks so that a project manager can focus on strategic goals. This, in turn, helps the companies improve project deliverables by embedding AI further in their operations to give themselves a competitive edge in the dynamically changing market.

Keywords: Project Management, Artificial Intelligence

DOI: 10.7176/EJBM/16-10-10

Publication date: December 30th 2024