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A SWOT Analysis of the Role of Artificial Intelligence in Project Management

Author

Listed:
  • Claudiu BRANDAS
  • Otniel DIDRAGA
  • Andrei ALBU

Abstract

Projects are critical to the success of organizations, and therefore improving project management (PM) is imperative. Artificial intelligence (AI) has revolutionized PM, especially in certain key sectors of the economy. This scientific paper explores the role of AI in PM, focusing on the health, energy, and education sectors. Also, the paper presents an analysis of literature and specialized practice to determine strengths, weaknesses, opportunities, and threats regarding AI in PM through the SWOT analysis method. We highlighted the recent advances in AI and the challenges and opportunities presented by using this technology in PM. The study looks at AI's current and future applications in the mentioned sectors. It provides examples of observed benefits, including reduced project duration, cost savings, and increased project success rates. It also emphasizes the impact of AI in the lifecycle of project managers and discusses job replacement concerns. Our findings highlight the potential of AI to bring significant improvements in PM but emphasize the importance of human communication and collaboration in specific fields, such as the healthcare industry. Given the transition to renewable energy sources, it also highlights the need for an adaptable and data-driven approach to energy sector PM.

Suggested Citation

  • Claudiu BRANDAS & Otniel DIDRAGA & Andrei ALBU, 2023. "A SWOT Analysis of the Role of Artificial Intelligence in Project Management," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 27(4), pages 5-15.
    • Handle: RePEc:aes:infoec:v:27:y:2023:i:4:p:5-15
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