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The Urgent Need for GenAI Skills in Project Management

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The Urgent Need for GenAI Skills in Project Management

Getting ahead of challenges, navigating disruption, and minimizing risks—they’re all integral to today’s conversations concerning the way forward for generative AI (GenAI). Also they are integral to the role that project management professionals have been performing for a long time.

Despite their day by day familiarity with these issues, many project professionals may find themselves unprepared for a way their organizations will leverage GenAI or how it should affect their jobs specifically. While nobody can predict all of the ways GenAI will change corporate operations and processes, there’s little question that this emerging technology will augment the role of many knowledge staff, including project professionals.

GenAI have a big impact on the anatomy of project work. Given the rapid pace of GenAI’s evolution and adoption, there may be a growing sense of urgency for project professionals to construct AI-related skillsets—to extend productivity, efficiency, and project success.

For project managers, GenAI can perform heavy lifting across various project activities including: automated report generation, timeline updates, data evaluation, cost estimations, and more. Project professionals who can harness the facility of AI will ultimately free their time to deal with higher-value tasks that drive project success. Because of this, it should allow them to focus more on adding latest business value, developing their leadership capabilities, and driving innovation for his or her organizations—aligned with the goals of the enterprise.

Research shows that organizations are significantly increasing their investment in AI this 12 months. Project professionals who stay on the forefront of the progression of emerging technologies and help drive AI adoption inside their organizations will best position themselves for profession success.

Developing skills, becoming AI-ready

To tap into the wealth of benefits that AI can provide, project professionals might want to prioritize upskilling. PMI research shows that only about 20% of project managers report having extensive or good practical experience with AI tools and technologies. And 49% have little to no experience with or understanding of AI within the context of project management. That is staggering in comparison to the indisputable fact that 82% of senior leaders say AI can have a minimum of some impact on how projects are run at their organization over the subsequent five years.

Using GenAI to automate, assist and augment your project management capabilities requires latest skills and a brand new mindset towards project work. Project professionals can use GenAI to boost their project skills across the three core areas of the PMI Talent Triangle®: Ways of Working, Power Skills and Business Acumen.

Ways of working. This dimension focuses on adopting one of the best approach, practices, techniques, and tools to administer projects successfully. With the widespread availability and potential of GenAI tools at each the person and organizational level, it is vital to make the most of the improved results that GenAI may help project managers deliver.

Think “ways of working” as a chains of events and tasks to deliver a result, where generative AI can automate, assist, or augment project management skills and competencies. Specific areas where you may leverage GenAI on this space include: project planning, time and price management, risk management, writing and reading assistance.

Project managers also needs to learn concerning the fundamental relationship between data and AI and develop into aware of their organization’s data strategy and practices. By understanding how data feeds these tools, project managers will probably be higher positioned to know and evaluate AI outputs. Data literacy may also enable project managers to shape the tools and models which can be specific to projects — people who predict project outcomes, risks, resources, etc. — so that they’re delivering probably the most accurate predictions and evaluation to drive decision-making. This data may also help project managers discover and solve for the risks that using GenAI can potentially introduce to the business.

Power skills. Ensuring teams have strong interpersonal skills – which we call “power skills” – allows them to keep up influence with quite a lot of stakeholders. It is a critical component for making change and driving successful project outcomes.

Our Pulse of the Career Survey has identified 4 critical power skills which can be essential to helping organizations transform and deliver sustainable results: strategic considering, problem solving, collaborative leadership, and communication. All these are human traits that to a point might be augmented by AI. For instance, project managers can contribute more strategically to their projects and organization by applying AI tools to different elements of their businesses, industry, and market, to unravel problems more effectively and quickly.

There are 4 key areas where you may leverage AI to boost power skills:

  • To embed strategic considering
  • Improve collaboration
  • Faster problem solving
  • Improved communication.

Power skills will develop into much more of a competitive advantage, making or breaking every project as AI productivity gains allow more time to be spent on human interaction. Our own research, in addition to multiple small- and large-scale studies over the past twenty years, consistently cite human aspects among the many top causes of project failure. Do not forget that algorithms cannot look anyone in the attention, speak truth to power, stay the moral course or be accountable for his or her decisions. Project managers can do all these items and more including the power to interact with humans, express empathy, adapt, create counterintuitive solutions, resolve in ambiguity, negotiate, manage stakeholders, lead, and motivate. Project managers have skills that may never find their way into machines, irrespective of how smart the machines develop into.

Business acumen. Professionals with business acumen understand the macro and micro influences of their organization and industry and have the function-specific or domain-specific knowledge to make good decisions. Professionals in any respect levels have to have the opportunity to cultivate effective decision-making and understand how their projects align with the massive picture of broader organizational strategy and global trends.

Imagine you must have a greater perspective on the risks at the company level of your project or program and the most definitely scenarios it’s possible you’ll encounter if among the risks actually occur. AI can allow you to gain insights to organize a comprehensive business risk evaluation and impact evaluation due to project issues. This can prepare the organization with a recovery plan and to anticipate all mitigation actions before a significant event happens and impacts the organization. Project managers can begin to leverage GenAI capabilities for scenario evaluation, insights generation and innovation, assessment of business implications, and systems considering decisions.

The usage of AI tools will enhance business acumen in two ways. First, by handling time-consuming, mundane tasks, it should free project managers to spend more time specializing in intraorganizational influences, objectives and relationships. Second, GenAI can augment project managers’ abilities to see the strategic implications of their work, enable them to practice and frame their conversations with high-level stakeholders and make higher decisions about their projects. The very presence of those tools may additionally change the forms of business acumen that project managers have to deeply understand, versus people who might be accessed by the tools.

For instance, generative AI makes it much easier for any project manager to have a look at a situation through the eyes of an industry expert (through a prompt). So, like individual phone numbers, general industry knowledge could also be less necessary to retain within the human brain. Nevertheless, the small print of the organization’s competitive advantage, potential leverage from data that exists within the ecosystem, or latest data generated by your project – will probably be something to know intimately.[1]

Functional operations have gotten more automated and transparent as well. These common software-as-a-service (SaaS) enabled processes are also well defined generally data sets. Again, here, the business acumen that may set you apart has more to do with what’s different concerning the way your organization operates. What makes it special, more efficient, more practical? This level of understanding will allow you to not only firmly hook up with the strategy together with your project but help you be sure that the entire project-to-organization connections are in place to really achieve results.

Are you able to upskill?

Knowledge is a critical element to empowering professionals of their AI journeys. You possibly can tap into specialized training for project managers that may allow you to navigate this latest GenAI-enabled project landscape. Project Management Institute (PMI) recently released a free introductory e-learning course to assist combat AI adoption anxiety and fill the knowledge gap amongst project professionals. It includes relevant use cases and advice on tips on how to use GenAI specifically to deliver projects.

It’s clear that AI goes to boost the best way projects are delivered, transforming the role of project managers into project leaders. There will probably be latest challenges and risks ahead, but by adopting an AI mindset and remaining inquisitive about GenAI’s potential, project professionals will probably be prepared to deliver successful project outcomes. Continuous learning is the important thing to navigating the AI revolution and elevating the role that project professionals play across industries.

[1] Edelman, D.C., Abraham, M. (2023, April 12). Generative AI will change your enterprise. Here’s tips on how to adapt. . Available at: https://hbr.org/2023/04/generative-ai-will-change-your-business-heres-how-to-adapt

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