artificial intelligence in project management thesis

Artificial Intelligence in Project Management: Enhancing Efficiency and Decision-Making

• Dr. Md. Mahfuzul Islam Shamim Team Leader Smart Leadership Academy, Bangladesh

This thesis explores the integration of Artificial Intelligence (AI) in project management practices to improve efficiency and decision-making processes. As organizations increasingly rely on project management methodologies to execute tasks, deliverables, and achieve objectives, the role of AI in enhancing these processes becomes pivotal. Through an examination of existing literature, case studies, and theoretical frameworks, this thesis investigates the potential benefits, challenges, and implications of incorporating AI technologies in project management. It aims to provide insights into how AI can optimize project planning, scheduling, resource allocation, risk management, and stakeholder communication. Additionally, the thesis explores the ethical considerations and societal impacts associated with the adoption of AI in project management. By analyzing real-world applications and theoretical perspectives, this research contributes to the understanding of how AI can be effectively utilized to streamline project management practices and drive organizational success in diverse industries.

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Dr. md. mahfuzul islam shamim, team leader smart leadership academy, bangladesh.

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How AI Will Transform Project Management

• Antonio Nieto-Rodriguez
• Ricardo Viana Vargas

Steps you can take now to prepare for the future.

Only 35% of projects today are completed successfully. One reason for this disappointing rate is the low level of maturity of technologies available for project management. This is about to change. Researchers, startups, and innovating organizations, are beginning to apply AI, machine learning, and other advanced technologies to project management, and by 2030 the field will undergo major shifts. Technology will soon improve project selection and prioritization, monitor progress, speed up reporting, and facilitate testing. Project managers, aided by virtual project assistants, will find their roles more focused on coaching and stakeholder management than on administration and manual tasks. The author show how organizations that want to reap the benefits of project management technologies should begin today by gathering and cleaning project data, preparing their people, and dedicating the resources necessary to drive this transformation.

Sometime in the near future, the CEO of a large telecom provider is using a smartphone app to check on her organization’s seven strategic initiatives. Within a few taps, she knows the status of every project and what percentage of expected benefits each one has delivered. Project charters and key performance indicators are available in moments, as are each team member’s morale level and the overall buy-in of critical stakeholders.

• Antonio Nieto-Rodriguez is the author of the Harvard Business Review Project Management Handbook , five other books, and the HBR article “ The Project Economy Has Arrived. ” His research and global impact on modern management have been recognized by Thinkers50. A pioneer and leading authority in teaching and advising executives the art and science of strategy implementation and modern project management, Antonio is a visiting professor in seven leading business schools and founder of Projects & Co mpany and co-founder Strategy Implementation Institute and PMOtto . You can follow Antonio through his  website , his LinkedIn newsletter  Lead Projects Successfully , and his online course  Project Management Reinvented for Non–Project Managers .
• Ricardo Viana Vargas, Ph.D. is the founder and managing director of  Macrosolutions , a consulting firm with international operations in energy, infrastructure, IT, oil, and finance. He has managed more than $20 billion in international projects in the past 25 years. Ricardo created and led the Brightline Initiative  from 2016 to 2020 and was the director of project management and infrastructure at the  United Nations , leading more than 1,000 humanitarian and development projects. He has written 16 books in the field and hosts the 5 Minutes Podcast , which has reached 12 million views.

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Exploring the role of artificial intelligence in project management

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Artificial Intelligence in Project Management

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A Study on the Impact of Artificial Intelligence on Project Management

2020, Report on the Impact of Artificial Intelligence on Project Management

Artificial intelligence and machine learning have found a wide range of business applications, but their impact is only just starting to be seen in project management. This study explores how our existing PM profession will change to be more suitable to AI inputs; and how project management will be forced to change because of the advent of AI, along with concrete, succinct and precise recommendations backed by demonstrable reasoning.

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DOI: 10.14569/IJACSA.2023.0140940 PDF

Exploring the Challenges and Impacts of Artificial Intelligence Implementation in Project Management: A Systematic Literature Review

Author 1: Muhammad Irfan Hashfi Author 2: Teguh Raharjo

International Journal of Advanced Computer Science and Applications(IJACSA), Volume 14 Issue 9, 2023.

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Abstract: This paper presents a systematic literature review (SLR) investigating the challenges and impacts of implementing artificial intelligence (AI) in project management, specifically mapping them into the process groups defined in the Project Management Body of Knowledge (PMBOK). The study aims to contribute to the understanding of integrating AI in project management and provides insights into the challenges and impacts within each process group. The SLR methodology was applied, and a total of 34 scientific articles were analyzed. The results and analysis reveal the specific challenges and impacts within each process group. In the Initiating Process Group, AI tools and analysis techniques address challenges in risk assessment, cost prediction, and decision-making. The Planning process group benefits from various tools and methodologies that improve risk assessment, project selection, cost estimation, resource allocation, and decision-making. The Execution process group emphasizes the importance of advanced tools and techniques in enhancing productivity, resource utilization, cost reduction, and decision-making. The Monitoring and Controlling process group demonstrates the potential of advanced tools in achieving efficiency, cost reduction, improved quality, and informed decision-making. Lastly, the Closing process group emphasizes the importance of utilizing advanced tools to minimize waste, optimize resource utilization, reduce costs, improve quality, and project closure success. Overall, this research provides valuable insights and strategies for organizations seeking to implement AI in project management, thereby enhancing the potential for success within the PMBOK Process Group.

Muhammad Irfan Hashfi and Teguh Raharjo, “Exploring the Challenges and Impacts of Artificial Intelligence Implementation in Project Management: A Systematic Literature Review” International Journal of Advanced Computer Science and Applications(IJACSA), 14(9), 2023. http://dx.doi.org/10.14569/IJACSA.2023.0140940

@article{Hashfi2023, title = {Exploring the Challenges and Impacts of Artificial Intelligence Implementation in Project Management: A Systematic Literature Review}, journal = {International Journal of Advanced Computer Science and Applications}, doi = {10.14569/IJACSA.2023.0140940}, url = {http://dx.doi.org/10.14569/IJACSA.2023.0140940}, year = {2023}, publisher = {The Science and Information Organization}, volume = {14}, number = {9}, author = {Muhammad Irfan Hashfi and Teguh Raharjo} }

Copyright Statement: This is an open access article licensed under a Creative Commons Attribution 4.0 International License , which permits unrestricted use, distribution, and reproduction in any medium, even commercially as long as the original work is properly cited.

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AI is set to overhaul the utilities market - CFA Institute

Blue Planet Studio/iStock via Getty Images

Artificial intelligence is positioned to revamp a wide variety of segments, including the utility sector, according to the CFA Institute, which predicted that AI and other digital tools will help to overhaul parts of the U.S. power grid.

“Over the next 25 years, AI and other digital strategies will be deployed to substantially reduce the cost of revamping the US Power Grid… Integrating AI into the grid is critical for precise power forecasting and agile responses to challenges like equipment malfunction and fluctuating weather patterns,” CFA Institute noted.

Supporting CFA’s thesis is the fact that the Department of Energy has committed $3B for AI-centric smart grid programs to help combat the complex challenges the utility sector faces, which primarily includes aged infrastructure and stricter regulations.

The implementation of AI platforms will help improve the sector as a whole. This includes upgrades in grid operations, predicting weather patterns and providing real-time data and analytics that can further add efficiencies to the industry.

Outlined below are a group of utility- and AI-focused exchange traded funds that investors can look towards as the sector starts to adopt some of the latest technologies.

Utilities ETFs

• Utilities Select Sector SPDR Fund ( NYSEARCA: XLU )
• Vanguard Utilities ETF ( NYSEARCA: VPU )
• Fidelity MSCI Utilities Index ETF ( NYSEARCA: FUTY )
• iShares U.S. Utilities ETF ( NYSEARCA: IDU )
• GX Artificial Intelligence & Tech ETF ( AIQ )
• GX Robotics & Artificial Intelligence ETF ( BOTZ )
• iShares Robotics and Artificial Intelligence Multisector ETF ( IRBO )
• Artificial Intelligence and Robotics ETF ( ROBT )
• Robo Global Artificial Intelligence ETF ( THNQ )
• Roundhill Generative AI & Technology ETF ( CHAT )

More on Utilities

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• U.S. grid operators say they're ready for big solar generation drop in today's eclipse

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