USING ARTIFICIAL INTELLIGENCE AS A TOOL FOR PROJECT MANAGEMENT

Keywords: artificial intelligence, project management, automation, technological trends, optimization

Abstract

The article aims to study the impact of artificial intelligence (AI) on project management and forecast its application prospects. The article examines four stages of AI evolution in project management proposed by PricewaterhouseCoopers (PwC): integration and automation, chatbot assistants, machine learning-based project management, and autonomous project management. Each stage is considered in terms of implementation, benefits, and challenges. The article thoroughly explores the use of artificial intelligence in project management, particularly in the IT industry. It analyzes specific examples of AI implementation in project management, such as the use of chatbots for reminders and team efficiency. The article highlights the importance of artificial intelligence as an integral component of project management, pointing to its ability to automate, enhance productivity, and improve decision-making quality. The necessity of risk management in projects and the role of artificial intelligence in this process are emphasized. It discusses how AI-driven tools can lead to more efficient workflow management, predicting potential bottlenecks and recommending optimal pathways for project execution. The article also details the opportunities and challenges of using artificial intelligence, including the development of hierarchical work structures and predictive analytics. A table of the advantages and disadvantages of using AI in project management provides a clear overview of the technology's strengths and weaknesses. Advantages include intelligent automation, accurate decision-making, and the ability to analyze large volumes of data. However, disadvantages, such as implementation costs and the need for a large amount of data, require attention and resolution. Conclusions and prospects for further research in this area point to the need for refined strategies for implementing AI in project management. This technology demonstrates a powerful impact on optimizing and automating project processes, but it requires careful study and adaptation for the most effective use.

References

Яворський Р. Т., Шишковський С. В. Формування гнучкої системи менеджменту // Бізнес Інформ. – 2023. – № 10. – С. 329–333.

Lahmann M. AI will transform project management. Are you ready?. PwC. URL: https://www.pwc.ch/en/insights/risk/ai-will-transform-project-management-are-you-ready.html (дата звернення: 29.01.2024).

Храпкін О., Кіндрат О., Чопей Р. Управління проєктами в ІТ-галузі: методики, інструменти та керування ризиками. Економіка та суспільство. 2023. № 55. DOI: https://doi.org/10.32782/2524-0072/2023-55-110 (дата звернення: 01.02.2024).

Evaluating the Inclusiveness of Artificial Intelligence Software in Enhancing Project Management Efficiency. URL: https://arxiv.org/ftp/arxiv/papers/2311/2311.11159.pdf (дата звернення: 01.02.2024).

The Standish Group Reports. Standish Group. URL: https://hbr.org/2023/02/how-ai-will-transform-project-management (дата звернення: 26.01.2024)

Rajesh Dominic Savio, Jafar M. Ali. Artificial Intelligence in Project Management & Its Future. Scholars Middle East Publishers. URL: https://saudijournals.com/media/articles/SJEAT_810_244-248.pdf (дата звернення: 01.02.2024).

Gartner Says 80 Percent of Today’s Project Management Tasks Will Be Eliminated by 2030 as Artificial Intelligence Takes Over. Gartner. URL: https://www.gartner.com/en/newsroom/press-releases/2019-03-20-gartner-says-80-percent-of-today-s-project-management (дата звернення: 01.02.2024).

Müller Klaus-Christoph. Getting Started with Digitization. How to Find the Right Strategy for Your Enterprise. URL: https://nttdata-solutions.com/wp-content/usermedia/expert-paper-digitization-strategy-glo-en.pdf (дата звернення: 01.02.2024).

Невмержицький О. В. Аналіз сучасних моделей, орієнтованих на знання, та методів прийняття рішень. Інформаційні технології проектування. 2013. № 13. С. 119–125

Taboada I., Daneshpajouh A., Toledo N., Tharaka de Vass. Artificial Intelligence Enabled Project Management: A Systematic Literature Review. MDPI. 2023, 13(8). URL: https://www.mdpi.com/2076-3417/13/8/5014 (дата звернення: 08.02.2024).

Obafunsho O. Integrating Ai Into Project Management: Initial Effort, Overcoming Existing Barriers And Long-Term Implications. URL: https://www.researchgate.net/publication/377930716 (дата звернення: 08.02.2024).

Shaping the Future of Project Management With AI. URL: https://www.pmi.org/learning/thought-leadership/ai-impact/shaping-the-future-of-project-management-with-ai (дата звернення: 20.02.2024).

Asana Intelligence - AI for Work & Project Management. URL: https://asana.com/product/ai (дата звернення: 22.02.2024).

John Carter. Using AI to Enhance the Role of the Scrum Master. 2023. URL: https://www.productroadmap.ai/ai-guide/using-ai-to-enhance-the-role-of-the-scrum-master (дата звернення: 17.02.2024).

Annaam Butt. Project Management through the lens of Artificial Intelligence. Chalmers University of Technology. 2018:066. URL: https://odr.chalmers.se/server/api/core/bitstreams/68c84a51-ae9a-466d-8cb1-f790a788b39d/content (дата звернення: 22.02.2024).

Fridgeirsson T., Ingason H., Jonasson H. and Jonsdottir H. An Authoritative Study on the Near Future Effect of Artificial Intelligence on Project Management Knowledge Areas. MDPI. 2021, 13(4). URL: https://www.mdpi.com/2071-1050/13/4/2345 (дата звернення: 08.02.2024).

Yavorskyi, R., & Shyshkovskyi, S. (2023). Formuvannia hnuchkoi systemy menedzhmentu [Formation of a Flexible Management System]. Business Inform, vol.(10), pp.329–333.

Lahmann, M. (2018). AI will transform project management. Are you ready? PwC. Available at https://www.pwc.ch/en/insights/risk/ai-will-transform-project-management-are-you-ready.html (accessed January 29, 2024).

Khrapkin, O., Kindrat, O., & Chopey, R. (2023). Upravlinnia proiektamy v IT-haluzi: metodyky, instrumenty ta keruvannia ryzykamy [Project Management in IT Industry: Methods, Tools, and Risk Management]. Ekonomika ta suspilstvo -Economy and Society, vol.(55).DOI: https://doi.org/10.32782/2524-0072/2023-55-110 (accessed February 1, 2024).

Evaluating the Inclusiveness of Artificial Intelligence Software in Enhancing Project Management Efficiency. Available at: https://arxiv.org/ftp/arxiv/papers/2311/2311.11159.pdf (accessed February 1, 2024).

The Standish Group Reports. Standish Group. Available at: https://hbr.org/2023/02/how-ai-will-transform-project-management (accessed January 26, 2024).

Savio, R. D., & Ali, J. M. Artificial Intelligence in Project Management & Its Future. Scholars Middle East Publishers. Available at: https://saudijournals.com/media/articles/SJEAT_810_244-248.pdf (accessed February 1, 2024).

Gartner. (2019). Gartner Says 80 Percent of Today’s Project Management Tasks Will Be Eliminated by 2030 as Artificial Intelligence Takes Over. Available at: https://www.gartner.com/en/newsroom/press-releases/2019-03-20-gartner-says-80-percent-of-today-s-project-management (accessed February 1, 2024).

Müller, K.-C. Getting Started with Digitization. How to Find the Right Strategy for Your Enterprise. Available at: https://nttdata-solutions.com/wp-content/usermedia/expert-paper-digitization-strategy-glo-en.pdf (accessed February 1, 2024).

Nevmerzhitsky, O. V. (2013). Analiz suchasnykh modelei, oriientovanykh na znannia, ta metodiv pryiniattia rishen [Analysis of Modern Knowledge-Oriented Models and Decision-Making Methods]. Informatsiini tekhnolohii proektuvannia-Information Technology Design, vol.(13), pp. 119–125.

Taboada, I., Daneshpajouh, A., Toledo, N., & de Vass, T. (2023). Artificial Intelligence Enabled Project Management: A Systematic Literature Review. MDPI, 13(8). Available at: https://www.mdpi.com/2076-3417/13/8/5014 (accessed February 8, 2024).

Obafunsho, O. (2024). Integrating AI Into Project Management: Initial Effort, Overcoming Existing Barriers And Long-Term Implications. Available at: https://www.researchgate.net/publication/377930716 (accessed February 8, 2024).

(2023). Shaping the Future of Project Management With AI. Available at: https://www.pmi.org/learning/thought-leadership/ai-impact/shaping-the-future-of-project-management-with-ai (accessed February 20, 2024).

Asana Intelligence - AI for Work & Project Management. Available at: https://asana.com/product/ai (accessed February 22, 2024).

Carter, J. (2023). Using AI to Enhance the Role of the Scrum Master. Available at: https://www.productroadmap.ai/ai-guide/using-ai-to-enhance-the-role-of-the-scrum-master (accessed February 17, 2024).

Butt, A. (2018). Project Management through the lens of Artificial Intelligence. Chalmers University of Technology. Available at: https://odr.chalmers.se/server/api/core/bitstreams/68c84a51-ae9a-466d-8cb1-f790a788b39d/content (accessed February 22, 2024).

Fridgeirsson, T., Ingason, H., Jonasson, H., & Jonsdottir, H. (2021). An Authoritative Study on the Near Future Effect of Artificial Intelligence on Project Management Knowledge Areas. MDPI, 13(4). Available at: https://www.mdpi.com/2071-1050/13/4/2345 (accessed February 8, 2024).

Article views: 9
PDF Downloads: 6
Published
2024-03-26
How to Cite
Bachynskyi , O. (2024). USING ARTIFICIAL INTELLIGENCE AS A TOOL FOR PROJECT MANAGEMENT. Economy and Society, (61). https://doi.org/10.32782/2524-0072/2024-61-18
Section
MANAGEMENT