Utilization of artificial intelligence in project management

Ruchit Parekh 1, * and Olivia Mitchell 2

1 Department of Engineering Management, Hofstra University, New York, USA.
2 Department of Civil Engineering, University of California, Berkeley, USA.
 
Review
International Journal of Science and Research Archive, 2024, 13(01), 1093–1102.
Article DOI: 10.30574/ijsra.2024.13.1.1779
Publication history: 
Received on 11 August 2024; revised on 17 September 2024; accepted on 11 September 2024
 
Abstract: 
Managing projects involves intricate procedures that demand meticulous planning, execution, and oversight. Conventional methods frequently face difficulties when handling extensive datasets, unexpected issues, and repetitive tasks. Artificial intelligence (AI) provides a revolutionary approach that can enhance multiple facets of project management. This paper investigates the current applications of AI within the field. It reviews existing research on AI methodologies employed for tasks such as resource allocation, risk assessment, scheduling, cost estimation, and communication. The paper further examines the process of integrating AI into project management, covering aspects such as data gathering, model selection, and training. It also addresses possible challenges and limitations, presenting numerical evidence of AI's effectiveness in improving project results. The paper concludes with a discussion on future prospects of AI in project management and its potential influence on the discipline.
 
Keywords: 
Artificial Intelligence; Project Management; Resource Allocation; Risk Assessment; Scheduling
 
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0