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Artificial Intelligence in Project Management: The Present and The future

Research by AXELOS back in 2017 showed that 90% (of the respondents) believe that the level and complexity of risks will increase in Project Management. This was one of the direct indications to the fact that there was and is a need for additional support in project management. It is a popular belief that Artificial Intelligence and Machine Learning can be the answer to increasing complexity. Sizable investment has already been made to make AI and ML available and become a key player in project management. According to Crunchbase, over 5000 start-ups were relying on ML in 2018 and in just a year , the number reached 9000 . It is estimated by PwC that by 2030, AI will contribute $15.7 trillion to the global GDP. The numbers are impressive and they make experts in the field inquisitive about the role of AI in project management. Will AI completely replace human involvement in the project? With AI an ML be sufficient to predict or identify all threats and take substantia...

PMI's announces changes in PMP Exam Process

PMI is a no profit global organization assigned with the task of driving research, training, and certification for project management. With organizations investing heavily in project management and professionals involved in project management, the importance of the task set maintained by PMI has increased multiple folds . PMI holding true to its end by conducting regular research to understand the changing trends in project management and materializing it through PMBOK, and an array of certifications in project management that are governed by PMI. The last major release by PMI was in the form of the 6 th edition of PMBOK. PMI had made several big changes in PMP; one of the most sought-after certifications in project management spectrum, like the introduction of Agile methodologies in PMI. PMI is all set to make some major changes to the PMP examination. While the company has not explicitly stated the changes that it intends to make, it has indicated that the changes wo...

5 Global Trends in Project Management that You Should be on a Lookout For

Business setups have become complex. The requirements, threats solutions, and execution now face variables that were not in the picture a couple of decades ago. So, it does not come as a shock that the means to tackle them have become more intricate as well. Project management has evolved. It has evolved to an extent where it no longer can be visualized as a single set process but has branched out and is becoming more complex by the hour.  While you might have witnessed the subtle shift as an experienced professional in project management or might have been born into the changing dynamics as a fresher starting his career, it is important to identify and acknowledge the trend shift. In this article, we will identify a couple of changing trends in Project Management spectrum and discuss what you can do in order to stay tuned with these shifts. Expanding Automation and engagement of Artificial Intelligence With the increase in the number of variables, it become...

Take the Shortest Path to Success in Project Management

Are you planning to be a project manager? Project managers can easily qualify as the lifeline of a project. They are the one who must make sure that things are done quickly and accurately. The task of managing the deadline falls into a project managers bucket. Not just that, a project manager also must make sure that the team sticks to the scope of the task. In order to accomplish all this, a project manager must have an analytical acumen without letting the numbers fiddle the creative voice of his/hers. So, what does it take to become a project manager? The answer to this question is not a simple one owing to the fact that there are multiple ways to become a project manager or to lead and coordinate a project. There are several factors that come into play, from skill to experience. In this article, we are going to discuss two paths to becoming a project manager: a more structured path led by formal education and training and a path guided by personal experience. Path 1: Stru...