Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. What impact will Artificial Intelligence (AI) have on each of below-components of project management? Make a search for it and summarize the main finds.

image text in transcribed
3. What impact will Artificial Intelligence (AI) have on each of below-components of project management? Make a search for it and summarize the main finds. Make sure to put your sources in the reference. PM Com onents AI im act on it Administrative tasks and efforts of project managers Project schedule and budget Use data to provide project insights Dealing with costs Dealing with risks Dealing with resources AI will assist with administrative activities in a cost- and time-effective manner. It aids project managers in keeping accurate records and staying on course. Through employee-friendly technologies, it assists them in removing barriers and kee-s a relationshi- with them. AI supports an agile working style and aids in determining the amount of time and money required for a certain project. By putting the necessary techniques into practice, it will save time, money, and personnel while assisting in staying on schedule. Future projects benefit from using historical data because it raises the likelihood that the project will be completed successfully. Planning the team, resources, bud_et, and risks is beneficial. Because of technology, AI helps to lower administrative and labour costs. The likelihood of finishing the task rises, and quality rather than quantity is im-roved. Real-time solutions and early problem detection are very helpful in reducing hazards. It aids in the analysis of early-stage risks associated in overcoming obstacles. Additionally, past experiences aid in identifying project-related hazards. Because it helps to determine the requirement for resources for a certain task, artificial intelligence contributes to the efficient use of resources, saving time, labour, and mone

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Management In The Hospitality Industry

Authors: Clayton W Barrows, Tom Powers

7th Edition

9780471782766

More Books

Students also viewed these General Management questions

Question

Relax your shoulders

Answered: 1 week ago

Question

Keep your head straight on your shoulders

Answered: 1 week ago