article thumbnail

Challenges With Implementing Artificial Intelligence in Project Management

International Institute for Learning

INTRODUCTION During the past several years, we have seen dramatic improvements in artificial intelligence (AI). As an example, workers may provide incorrect project cost information in status reporting that could result in stakeholders making the wrong decisions resulting in a change in the direction of the project.

article thumbnail

Simplifying Procurement in Project Management

Project Pulse Journal

Cost Plus Incentive Fee (CPIF) : In this cost reimbursement contract, the supplier earns an additional fee if they meet or exceed performance targets, promoting cost efficiency and aligning with project cost management goals. References Project Management Institute. Project Management (2 nd ed.).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Episode 195 – Estimate This: Managing Project Estimation

Velociteach

What kind of things do we need to estimate on a project? REN LOVE: There are lots of things that can be estimated on a project. Factors in a Project Estimate WENDY GROUNDS: What are some of the factors and the considerations that are essential when you’re building out your estimates? It was the highest price since 1993.

article thumbnail

Best agency project management software: 10 tools to short-list today – Part 5

Resource Guru

The company went public on June 10, 2021. In January 2021, Wrike was acquired by Citrix for $2.3B. Having run an agency together, the pair set out to solve project management for agencies. In October 2021, they raised $70 million to grow the business further. 15 years later, they boast over 2 million users.