AI applied to Project Management
Year 2030. PPM tools include AI features. People can talk to a chatbot to initiate new projects, prioritize them, or approve the project set adding the most aggregated value. AI can help on technical tasks related to planning, controlling, knowledge management, etc. AI helps mentoring project managers throughout their professional careers. AI is effective classifying and clustering thousands of projects belonging to business units, programs, and portfolios. AI saves a lot of time generating reports, assuring quality standards, etc. AI can answer questions like: What are the odds this project will finish on time? What is the value of this deliverable? What projects should be re-baselined? What teams should be restructured? What contracts should be canceled?
What is Artificial Intelligence?
As in every area of the economy, digital transformation has disrupted project management. In order to manage projects professionally, we do not need paper documents anymore. We do not need to work from specific locations, neither. Project data, essential for business management in the Project Economy, is growing exponentially. More and more people collaborate on projects, sharing more and more technical and management data, and organizations are executing more and more projects. With so much project management data available, could algorithms manage projects automatically? What will be our role as project management professionals?
Citizen Development in The Project Economy
A citizen developer is a user without coding knowledge who creates new business applications for consumption by others using LCNC Development Platforms sanctioned by corporate IT. By 2024, more than 65% of software projects in the project economy will include at least one citizen developer. This doesn’t mean software teams will ignore IT, rather the opposite.
The CxO role in the Project Economy
What should be the role of a top manager in the project economy? For a CEO, for instance, a project is just a means to get a product, service, or result. They are more interested in operation management than in project management. How should they behave in the project economy? Should they blindly trust on self-organized teams?
Tracking Time and Expenses with PMPeople
Many projects need to keep an accountancy on timesheets and expenses by team members to control the project finishes on budget and also for work invoicing. Organizations should avoid bureaucracy on time and expenses tracking to increase productivity. PMPeople get people focused on the real work, saving unproductive time.
Project Teams at PMPeople
In the Project Economy, projects need people collaborating as a team from different perspectives. PMPeople does not prevent direct communication needed at all projects. However, it can optimize management helping the interaction between people belonging to the extended project team.
Roles in the Project Economy
In the project economy, people have the skills and capabilities they need to turn ideas into reality, and organizations deliver value to stakeholders through successful completion of projects, delivery of products, and alignment to value streams. Project economy demands role based specialized collaboration. PMPeople optimize online productivity through distributed collaboration among 11 specialized roles: 6 roles on demand management and 5 roles on supply management.
Feedback in the Project Economy
Project economy requires tools to facilitate continuous improvement of management and development teams. People with different roles are involved in all projects. People working in projects need continuous feedback to do their best. PMPeople provides feedback online, anytime, anywhere.
- Business (11)
- Demand Management Roles (3)
- Frequently Asked Questions (3)
- Guide (20)
- People (11)
- Process (6)
- Project Management (41)
- Supply Management Roles (1)
- Training (4)
- Uncategorized (1)