Artificial intelligence applications for project management

Abstract

According to statistics, most projects (especially in the field of IT) are completed late, with budget overruns, or not completed at all. That is why new methods are being developed and the possibilities of applying new technologies for project management are being considered. The most promising in this regard is the use of artificial intelligence. The concepts and algorithms of artificial intelligence are widely discussed in terms of their potential for automation in business, industry and society. At first glance, project management seems less suitable for automation due to the inherent uniqueness of projects by definition. However, artificial intelligence is also opening up new possibilities for project management applications. This article will provide an overview and assessment of how artificial intelligence can be used in project management and how it can help project managers in their day to day work. A list of the main software products for project management, in which artificial intelligence technologies are integrated, with an indication of their functionality is given. It’s safe to say that with the advent of artificial intelligence, project managers will be able to optimize their efforts to accelerate the success of their product. At this point, the evolution of project management using artificial intelligence and bots is just beginning, but soon it will really change the way we manage projects. The analysis shows that the use of artificial intelligence technologies for project management will be especially effective in cases of complex projects that involve processing and analyzing large amounts of data for decision making. Obviously, using artificial intelligence will automate mundane, simple tasks like estimating an hour, scheduling a project, assigning the most effective team members, distributing risky information on a project, etc. But in terms of team management, conflict management, stakeholder management, artificial intelligence is not will replace the human qualities of the project manager.