AI Could Be Key to Improving Project Success Rates [Video]

• 10% of projects fail globally; in Europe it is 12%
• In Europe just 71% of projects meet their business goals
• Using AI leads to better decision-making, budgeting, productivity and even increased creativity
• AI needs human input and oversight to be used successfully, according to PMI’s research

LONDON, Oct. 31, 2024 /PRNewswire/ — “AI won’t take your job, but a project manager using AI might,” this is the view of Lysan Drabon, Managing Director, Europe of Project Management Institute, the leading global authority on project success.

Lysan was speaking at the recent Reuters Momentum AI event in London, where she revealed some interesting data from PMI’s latest reports into the adoption and effects of GenAI in project management.

“We are on the brink of understanding how GenAI technologies will fundamentally revolutionise project management and organisations,” said Lysan. “While some of the technical improvements our research shows may be expected, the unexpected gains the high users of AI are seeing …