Project Management and Planning strengthened by AI

 

The ERP's Project Management area enables the company to shape, follow, and predict long term plans. It delivers efficient orchestration of resources and actions for adapting to the occurrences happening during the project's development.

 

The human feeling in choosing the reaction to them, together with the calculations offered by AI for all the possible counteractions with costs and delays, offer the best collaboration for achieving the best performing administration of the company's programs.

 

Project preparation and Analysis

 

Directing a project is an art. The manager can perform it in infinite ways. The best ones always find the proper adaptation to the occurring events. The trick of success is keeping track of all the crucial information that could influence the project's progression.

 

Essential information like, for example, dependencies between steps, required resources, necessary continuous working days, external resources are crucial for perfecting the planning. AI can provide the sequence schema offering many options (like highlighting the possible risks in case of delays, cost optimisation, etc.) during the analysis.

 

Resource administration

 

The Project Manager has a pool of resources for developing the project, and they can be employees, external consultants, external services. Each resource has an own availability, like, for example, the allowed working time for the project, the on-call reaction time, and the mandatory appointment for each call.

 

Artificial Intelligence optimises here the best fitting resource for each task. It considers the possible backup and highlights when there is no backup, and the risk of delay can reach a period of leave days already requested by the assigned resource. These tools permit the PM the best allotting of people and services.

 

Cost handling

 

The difference between the cost estimation made at the start of the project and the final total cost is the sum of all non-predicted occurrences during the project's deployment. The PM has the power to choose the way to react to every circumstance. For example, when a resource is suddenly not available, is it better to delay the project or pick from the backup ones?

 

The AI tools calculate all the possible options on every change. They calculate the prediction of costs, time and quality for each proposed solution, so the PM receives effective facilitation in choosing how to adapt the execution of the project.

 

Conclusions

 

Artificial Intelligence provides anticipated predictions for events with a high probability of happening. It gives possible workarounds for every foreseen case—a useful help in choosing to have the most refined information on each option.

 

The journey

 

You can start the journey here:

The world of ERP… with a pinch of AI

 

The first episode:

Marketing supported by AI

 

The second… sales:

Sales coupled with AI

 

#3: Billing

AI and Billing

 

Chapter 4: Customer care

Customer care empowered by AI

 

Fifth episode:

Intelligent Purchasing with Machine Learning

 

The sixth: Production

Production optimised by ML

 

N.7 - Inventory

Inventory and ML

 

Episode 8 - Service

AI as an aid for the Service management

 

9: Finance

Financial and accounting management + ML

 

Number ten:

HR revolution with AI

 

 

 

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Who would have imagined 20 years ago that we would carry the internet in our pockets, that our homes would become our offices, that parts of our jobs would one day be carried out by bots, or we’d be able to pay for things without carrying a bank card or cash? Yet here we are in the fourth industrial revolution, with all of these ‘impossibilities’ as a natural part of our day-to-day.

This isn’t the first time we’ve seen a massive shift in how technology affects our working lives, and it certainly won’t be the last. As a Senior IT business direction professional with over 20 years of management experience, I have helped various businesses adapt to environmental change over the years and am well qualified to help organisations develop for what lies ahead.

I am highly skilled at guiding business leaders to adopt a change mindset, embrace innovation, and deeply refine their stakeholder management. One of my successes in this area comes from my time as a consultant to a fintech startup. I helped influence growth from a localised market with only five people on the team into an international organisation with 60+ multicultural (in-house and offshore) team members in just three years, achieving revenue growth of €2m during the first year alone.

My personal strengths have played a major role in my success as a consultant in the IT space. There are new developments in the IT space every day, and an agile mindset and adaptable approach are key. I’m comfortable leading teams and wearing many hats.

However, I feel that my strongest attribute is my hunger for exciting challenges. As a forward thinker who never settles for the status quo, I am constantly learning and evolving with the new trends and technology available. I have a deep interest in artificial intelligence (AI), mobile payments, and fintech, and all of the developments occurring in these areas.

This is a challenging yet exciting time for the workplace as we know it, and organisations need strong IT on their side. I am confident that my experience, skillset, and expertise would make me a valuable asset to any team. I invite you to connect to discuss opportunities.

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