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The Basics: Artificial Intelligence for Strategic PM’s

The Strategic Project Manager

This post makes an initial attempt to describe what Artificial Intelligence is, where it might apply in the world, and the impacts to organizational strategy and project management. It follows up this initial attempt with actual Artifical Intelligence responses from ChatGPT. So let’s go right to the source!

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Artificial Intelligence In Project Management: Pros & Cons

ProProfs Project Management

The advent of artificial intelligence (AI) has raised various questions and theories among people. But, if they previously used specialized tools designed by app development companies for these purposes, it is best to use artificial intelligence (AI) for analytical purposes. AI Helps Reduce Project Costs.

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5 Project Management Trends You Should Know in 2023

LiquidPlanner

Instead, follow these basic guidelines: Make sure there is a strong strategy and that your projects align to it so the organization is doing the right work. Focus solutions on value for money across the whole product lifecycle, not just your ‘project’ part. Get good at budgeting so you keep project costs under control.

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Understanding PSA Projects: Strategies and Best Practices

Wrike

Financial Management: PSA projects involve financial considerations, such as budgeting, cost tracking, and revenue recognition. Effective financial management means that projects are delivered within the allocated budget and that revenue is recognized accurately.

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Resource Forecasting Guide for Project Managers

Rebel’s Guide to PM

It facilitates effective resource allocation and leads to the success of projects. Additionally, these are some of the critical benefits of resource forecasting in project management, which we’ll discuss below. Even though employees are assigned to the project, it does not necessarily translate into more revenue for the business.

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Software Estimating Resources

Herding Cats

“Benchmarking Effort Estimation Models Using Archetypal Analysis,” Nikolaos Mittas, Vagia Karpenisi, and Lefteris Angelis, ACM PROMIS ’14, September 17, 2014. How I Estimate Software Development Projects,” Alvin J. Alexander, “Estimation of the New Agile XP Process Model for Medium-Scale Projects Using Industrial Case Studies,” M.

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Estimating is a Learned Skill

Herding Cats

“Modern Tools to Support DoD Software Intensive System of Systems Cost Estimation: A DACS State-of-the-Art Report, August 2007. Andreou, 3rd Artificial Intelligence Techniques in Software Engineering Workshop , 7 October, 2010, Larnaca, Cyprus. Software Project Cost and Schedule Estimating: Best Practices, William H.