Contemporary project management is using models that harness data analyticsand artificial intelligence (AI) to address current business concerns. The advances of today’s “fourth industrial revolution” are transforming the issues facing project managers. This expert collection edited by Öncü Hazır and Maria Elena Bruni reports that while AI and other digital technologies, such as Blockchain, are creating new opportunities and practices for project managers, they are also adding new risks. Therefore, project management’s ethics and sustainability have become increasingly important. This compilation offers smart, applicable insights for project managers, their higher-ups, and their teams.
Digital information technologies are changing project management.
Project managers are in charge of mustering the right processes, technologies, materials, and skilled people to complete a set of tasks and reach a defined goal. Deadlines and financial constraints, along with a project’s many interrelated activities, add complexity to their job – and so does the changing nature of project management itself. The profession is evolving with the advent of digital information and its associated technologies, which create conditions that necessitate flexibility and agile decision-making.
New technology is radically changing business practices. For example, project managers used to be able to make many decisions in advance and stick with their established options. That’s no longer possible in many cases; often, they must continually reassess and adjust their decisions. However, new technology also enables them to turn to data analytics to improve their decision-making and problem-solving processes and to monitor the state of remote projects.
The extensive data now used in project management offers opportunities for innovation, although it also increases the risk of ...
Öncü Hazır, a professor at Rennes School of Business in France, co-authored An Introduction to Project Modeling and Planning. Maria Elena Bruni, an associate professor of Operations Research at the University of Calabria, is a collaborating member of the CIRRELT, Montreal.
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