AI-Driven Project Management -  Kristian Bainey

AI-Driven Project Management (eBook)

Harnessing the Power of Artificial Intelligence and ChatGPT to Achieve Peak Productivity and Success
eBook Download: EPUB
2024 | 1. Auflage
384 Seiten
Wiley (Verlag)
978-1-394-23222-2 (ISBN)
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Accelerate your next project with artificial intelligence and ChatGPT

In AI-Driven Project Management: Harnessing the Power of Artificial Intelligence and ChatGPT to Achieve Peak Productivity and Success, veteran IT and project management advisor Kristian Bainey delivers an insightful collection of strategies for automating the administration and management of projects. In the book, the author focuses on four key areas where project leaders can achieve improved results with AI's data-centric capabilities: minimizing surprises, minimizing bias, increasing standards, and accelerating decision making.

You'll also find:

  • Primers on the role of AI and ChatGPT in Agile, Hybrid, and Predictive approaches to project management
  • How to accurately forecast a project with ChatGPT
  • Techniques for crafting impactful AI strategy using AI project management principles

Perfect for managers, executives, and business leaders everywhere, AI-Driven Project Management is also a must-read for project management professionals, tech professionals and enthusiasts, and anyone else interested in the intersection of artificial intelligence, machine learning, and project management.

KRISTIAN BAINEY, M.S., PMP, CSM, Prosci, ITIL, PM-AI, is an experienced IT and project management professional with over 15 years focusing on digital transformation development in generative AI-Driven Project Management (PM-AI), DevOps, and the SDLC elements of waterfall, agile, and hybrid approaches. He is an expert in directing business and digital transformation, AI, data management, operations, continuous improvement, and change management projects. He manages a consulting corporation specializing in generative AI integration for organizations, lecturing part-time at universities and creating global course content and podcasts. Additionally, he served as the President of the PMI Northern Alberta Chapter (2023-2024), and actively speaks at numerous worldwide conferences on AI/ChatGPT in Project Management.


Accelerate your next project with artificial intelligence and ChatGPT In AI-Driven Project Management: Harnessing the Power of Artificial Intelligence and ChatGPT to Achieve Peak Productivity and Success, veteran IT and project management advisor Kristian Bainey delivers an insightful collection of strategies for automating the administration and management of projects. In the book, the author focuses on four key areas where project leaders can achieve improved results with AI's data-centric capabilities: minimizing surprises, minimizing bias, increasing standards, and accelerating decision making. You'll also find: Primers on the role of AI and ChatGPT in Agile, Hybrid, and Predictive approaches to project management How to accurately forecast a project with ChatGPT Techniques for crafting impactful AI strategy using AI project management principles Perfect for managers, executives, and business leaders everywhere, AI-Driven Project Management is also a must-read for project management professionals, tech professionals and enthusiasts, and anyone else interested in the intersection of artificial intelligence, machine learning, and project management.

CHAPTER 1
Introducing ChatGPT: The AI Revolution in Project Management


As you dive into this opening chapter, you will discover the essence of ChatGPT: what it is, how to access it, and why every modern project manager should grasp its potential and utilize it.

This chapter also acts as your roadmap to use PM-AI to achieve peak productivity and success. A 2019 report from KPMG revealed that organizations that invest in AI benefit from, on average, a 15 percent boost in productivity.

Evolution of AI


AI had its foundation in 1932 when Georges Artsrouni reportedly invented a machine that he referred to as a “mechanical brain” to translate between languages on a mechanical computer encoded with punch cards. He received the first patent for a mechanical translator. AI research began to take shape in 1943 when Warren S. McCulloch and Walter Pitts published “A Logical Calculus of the Ideas Immanent in Nervous Activity.”

In 1950, the AI revolution began with Alan Turing presenting his idea of “machines’ capability to imitate human reasoning and actions,” in his seminal paper, “Computing Machinery and Intelligence.” Today, these machine learning technologies are changing our world. The Dartmouth Conference of 1956 was the birth of AI as an academic discipline. Most importantly, AI has led to the next level of machine learning (ML), characterized by neural networks with multiple layers, known as the “deep learning revolution.” Thinking of neural networks as a digital brain with neurons or nodes, AI provides value by solving problems through imitating human intelligence.

In 1957, Frank Rosenblatt developed the first artificial neural network capable of learning, called the perceptron. In 1966, Joseph Weizenbaum developed ELIZA: the first natural language processing (NLP) program to simulate conversation. And in 1967, Allen Newell and Herbert A. Simon developed computer programs to mimic human-like problem-solving and decision making.

By the mid-1980s, AI started to find its place in society by providing automation for repetitive tasks, financial forecasting, and medical diagnoses. By the 2020s, AI evolved even further from automation to augmentation with GenAI, using more human-like learning techniques to generate new content based on large sets of historical examples.

In the project-driven AI-dominated world today, you must accept that GenAI is more than just a buzz. The world of AI is as dangerous as a tsunami: the flood will continue forward without stopping and will bring unpredictable waves of risks, regardless of whether you are ready. Such unprecedented challenges should be recognized, and society must adapt before it is too late. GenAI can either be deployed to serve the common good or can cause disaster if it is not properly managed.

The introduction of any new or emerging technology always causes resistance to change, apprehensiveness, and skepticism based on the influence of culture, environment, surroundings, regulations, and individuals’ professional lives. For example, when calculators first appeared in the 1960s, there were concerns about math skills and job losses, but now they're essential tools on every device. Similarly, early cloud technology in the 2000s led to security worries and job fears, but it's now a trusted backbone of modern tech. Both of these examples show how initial fears can turn into widespread acceptance.

The story of the evolution of AI in project management, but it is a good guidepost for project managers to let them know where it may be heading in the future. Such tools and techniques include automated replication, guiding decision making processes, interpreting information, forecasting, communicating, and innovative allocation of resources. Project managers can anticipate rather than react to changes when they recognize what is currently possible and are aware of AI's historical capabilities.

According to IBM (2023), “Executives estimate that 40 percent of their workforce will need to reskill as a result of implementing AI and automation over the next three years.” Project managers must evolve their skills to stay relevant and effective at their jobs by developing competencies in data analytics for decision making.

In the ever-evolving landscape of project management, challenges are as diverse as they are dynamic. What if the way we attempt project management today could be redefined to manage these challenges more efficiently? There is a way, and it's called ChatGPT! ChatGPT is a sophisticated GenAI chatbot game-changer. It can be your go-to tool to assist in initiating, planning, monitoring, controlling, executing, and closing projects in ways you never imagined by using the correct prompts and knowing their abilities.

OpenAI launched the innovative ChatGPT chatbot based on a large language model on November 30, 2022. The model facilitates more sophisticated user interactions with adjustable conversational lengths, formats, styles, degrees of detail, and language. It can be traced back to 2018, when OpenAI introduced its first generative pretrained transformer (GPT) model.

Mira Murati, the CTO of OpenAI, was instrumental in the creation of ChatGPT. Sam Altman hired her at OpenAI in June 2018 and appointed her his successor as OpenAI's CTO in May 2020. Her leadership went beyond ChatGPT to cover projects such as DALL-E, an AI tool for artistic creation using prompts.

Sam Altman, one of the cofounders of OpenAI, along with other renowned personalities such as Elon Musk, was the CEO during the creation and introduction of ChatGPT. He led OpenAI to make great strides in AI.

A major participant in this success story is Microsoft, headed by Satya Nadella. Microsoft is the biggest investor in OpenAI, and its third investment was significant ($10 billion), as reported in January 2024. The collaboration has seen ChatGPT integrated into Microsoft's Bing search engine Copilot for Microsoft 365, and the Azure OpenAI Service.

The World Economic Forum predicts that 75 percent of companies are planning to adopt AI technologies by 2027. Despite the significant advancements in AI since it began, the future promises more amazing discoveries, providing project managers with innovative tools and techniques that lead to competitive advantage. Shifting toward sophisticated AI applications can change the way we do project management. Understanding these forthcoming shifts will be key in adapting to the scenario of AI-based project management.

What Is ChatGPT?


Why is the world so intrigued with ChatGPT? Can this tool be useful in your project management tasks? The answer is yes! Figure 1.1 is based on Gartner's “Five days with a million users after ChatGPT.” Now that we live in the era of AI and project management, with well over 100 million users, there definitely must be something this tool can do for you.

ChatGPT is the closest thing to having a digital robot assistant that is immensely learned and talks like a person. The large language models from OpenAI were released in 2018 with minimal fanfare. However, when ChatGPT was released on November 30, 2022, it took the world by storm. ChatGPT was made available to the public in both free and paid versions. The paid version of ChatGPT can now use web plugins to analyze real-time data and information from the Internet from the GPT store that has an extensive collection of GPTs, categorized into areas such as writing, productivity, programming, education, and more.

Figure 1.1: Time taken by platforms to reach 1 million users

The name “ChatGPT” originates from generative pretrained transformer, a machine learning technique known for impressive performance on language-related tasks. Its learning is rooted in natural language processing (NLP) and evolves based on user feedback. Therefore, each interaction refines its capabilities.

The uniqueness of ChatGPT is that it talks like a human. Many language-oriented processes are possible using it, such as translations between languages, text summarization, completion of sentences, answers to questions, and speaking similarly to specific individuals.

ChatGPT answers questions and provides information in a human-writable fashion. It has been trained on billions of pieces of text data to understand context and relevance when generating human-like answers to questions.

ChatGPT is a massive language model with over 175 billion parameters that tell the computer how to do something. These parameters help it understand and generate human-like text. Think of parameters as puzzle pieces: the more you have, the clearer the picture.

As you further examine the capabilities of ChatGPT in project management, it is important to note that ChatGPT's advanced LLM can support project management from initiation, planning and execution to monitoring and closing projects.

Accessing ChatGPT


ChatGPT is prepackaged and trained, so you do not have to install it on your PC. You can access it simply by typing the URL in your web browser's address bar.

Here are the easy steps to follow to get your access today!

  1. Visit OpenAI's website. Navigate to OpenAI's official website or the specific platform where ChatGPT is hosted. The URL may have changed, but as of this book's publication, it is https://chat.openai.com.
  2. Sign up or log in. If you're a new user, you'll need to sign up for an account. If you already...

Erscheint lt. Verlag 2.4.2024
Sprache englisch
Themenwelt Wirtschaft Betriebswirtschaft / Management Projektmanagement
ISBN-10 1-394-23222-5 / 1394232225
ISBN-13 978-1-394-23222-2 / 9781394232222
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