Reimagining Project Management – D’Mello
Abstract:
Worldwide investment in projects consumes about 45% of the US$100+ trillion annual global GDP, but only about 30% of projects are successful and project success rates have been stagnant over the past two decades. These figures should obviously be concerning to governments, organizations, leaders, and project management educators and professionals.
The time is opportune for reimagining project management and positioning it as a premier business discipline that is indispensable to realization of organizational mission and vision, capable of enabling successful work outcomes, and equipped to create solutions for complex work challenges.
Organizational work is being transformed by emerging technologies and trends: AI, remote work, and agile ways of working, to name a few. These technologies and trends could pose an existential threat to project management as we know it today unless we seize the moment and reimagine its very fabric and purpose.
Consider, for example, how the World Wide Web decimated the need for traditional travel agents. Could project management be in the crosshairs of a similar disruption – by AI, for example? This presentation and paper will propose a model of organizational work that integrates AI and will offer preliminary but promising evidence that this model could form the core of a reimagined incarnation of project management that can improve work outcomes, reduce work chaos and dysfunction, and enhance value creation.
The presentation will provide examples of AI deep learning techniques that can be integrated into the proposed model.
After attending this presentation, participants will be able to:
- Explain the limitations of present-day project management and argue why it needs reimagining
- Outline an organizational work model that could address most of the present PM limitations
- Articulate how AI is integrated into the model.
PMI Talent Triangle: Business Acumen
PDUs: 0.75
