It is astounding to know from the research done by the Standish Group, that only 35 % of annual global projects are considered successful, leaving 65 % unsuccessful with wasted resources and unrealised benefits.
We, at Coron, have always placed learning at the forefront of our methodology, causing us to constantly look outward to new ways of working so that we offer project management benefits to our workforce and stakeholders. Our innovative and adaptable approach, incorporating the latest technologies and tools, empowers busy leaders to pursue successful projects and outcomes.
One of the reasons for the poor project success rate is the low level of maturity of technologies available for managing them. A lot of time is wasted when we spend hours and hours doing menial tasks that can be automated by AI so that we can focus on the more complex parts of our project.
Data errors come from repetitive data handling, and we know that human attention wanes over time. Mistakes you might catch at the start of the day can slip past you after midday. Incorporating AI with mission-critical tasks will eliminate failure and increase project management benefits.
AI can generate process flow diagrams based on your data, goals, and preferences, and can help you evaluate and improve your diagrams by providing insights, suggestions, and recommendations based on best practices, benchmarks, and performance indicators. This combination of automation and revelation adds a level of support beyond human capacity.
Let’s look at some of the ways that AI reduces human errors:
- Robotic Process Automation (RPA) bots handle data at the same precision throughout all given tasks. The precision doesn’t wane when it hits the one-millionth mark. If the input is corrupted or incorrect, mistakes can be made, otherwise, it is a seamless process.
- Validation is built into the workflow process. Parameters can be set on all your data fields within an Intelligent Automation platform. If an entry doesn’t match the parameters, PRA bots will halt the process, flagging the process for human review.
- Intelligent automation saves human attention for higher-level tasks. This keeps your focus on what’s complex and dynamic, whilst taking care of the mundane without the worry of errors.
Trillions of pounds could be saved by adopting and incorporating artificial intelligence systems that will both automate processes and reveal data. A handful of researchers, such as Paul Boudreau in his book ‘Applying Artificial Intelligence Tools to Project Management’, and a growing number of startups, have already developed algorithms to apply AI and Machine Learning (ML) in project management. There will be radical changes when this next generation of tools is widely adopted.
At Coron, we recognise that adaptable collaborations, whether between people or a combination of people and AI, have the power to inspire bold decisions that DRIVE impactful benefits. The collaboration between humans and AI in project management can be highly effective, combining the strengths of both to improve efficiency, decision-making, and overall project success.
It is important to remember that successful collaboration between humans and AI relies on clear communication, well-defined roles, and a balance between human judgment and AI-driven insights. Project managers and team members need to embrace AI as a supportive tool rather than a replacement for human expertise, ensuring that both humans and AI work together to achieve project objectives efficiently and effectively.
“It’s not the daily increase but the daily decrease. Hack away at the unessential.” — Bruce Lee
Remove the mundane so you can focus on the complex
As a sculptor cuts the negative spaces away to produce his masterpiece, we endeavour to cut away the unessential that clutter and clog our projects. Our success lies in the daily decrease of our menial taskload, and our daily increase of the essential.
Another AI solution to minimising the heavy project management load is working with a virtual assistant. They have become increasingly popular in the business world due to their ability to automate tasks, improve productivity, and enhance customer service. They are a solution to a problem you didn’t even know you could solve; always ready, creating time and space for you to focus on business growth and essential aspects of your project.
These virtual assistants have the remarkable ability to tackle a myriad of tasks such as answering customer queries, scheduling appointments, and sending out emails. They can multitask and even be trained!
‘Where focus goes, energy flows. And where energy flows, whatever you’re focusing on grows.’ – Tony Robbins
At Coron, our clients will always be the motivating factor that drives us to perform and deliver. Our focus is your project’s success, and as we look through our lens, zooming in on the details before us, we will continue to climb to new heights and reach new horizons, expanding your project management benefits with the moving wheel of time and technology.
Recognising the need for training in AI to effectively incorporate the benefits it offers, Coron has invested and will continue to invest time and money in this rapidly growing technology. From our research, we have found multiple AI software packages out there that will revolutionise the way we project manage.
We care about good project management and the well-being of project managers whilst on the job. AI can help prevent them from burning out and becoming overloaded. Their trained virtual assistant can do all the menial run-around jobs that would otherwise keep them from focusing on the more complex aspects of their project, freeing them up, and giving them the support they need.
Operating with a mindset that embraces and implements new ideas will set us apart from those caught up in the restrictive ways of the old. It is a limiting belief that you must have people to do every single part of a project. With the help of technology, we can focus on finding the smartest and simplest way of doing things, and putting systems in place that will automate the processes that we need. A successful project is not built on being busy but on being smart.
If you need help to make your projects soar, please give us a shout! We would love to hear from you.
