Artificial Intelligence (AI) is a trendy technology and there are many proposed uses in the field of project control. Some are quite relevant, while others may require additional validation before being adopted. In this White Paper 2024-11 ‘Reflections on Artificial Intelligence and Project Control’ we specifically review the current uses of AI in the field of project control.
A number of project control areas are now becoming supported by AI tools, in particular when relatively substantial portfolios of similar projects are available to provide a comparison point. The availability of AI tools depends a lot on the confidentiality and availability of data: it is more widely available for contract management and scheduling than for cost estimating.
AI will often provide early warnings in a more systematic manner than human monitoring. That will enable project control professionals to concentrate their efforts in analysis and action taking. Still, final judgment by the project control professional remains required, even if the AI tools do provide a useful insight into benchmarks and comparison points from past projects.
Leveraging AI requires the availability of comprehensive and clean past data. Proper coding and records management becomes even more essential if AI is expected to be used to further improve insight and productivity of the project control teams.
Read our new White Paper 2024-11 ‘Reflections on Artificial Intelligence and Project Control’ to understand better the areas where AI can now really support your project control setup.
If you can\’t access the link to the white paper, copy and paste the following link in your browser:https://www.projectvaluedelivery.com/_library/2024-11_observations_AI_Project_Control_v1.pdf
