"There is no such thing as a bad project, only poor project planning." Personally, this has been my quote for 15+ years. Executing a good project plan is a balance between decisions and data. The decisions we make before and during the project and data availability facilitate those decisions.
We have all been there. Using XLS instead of Microsoft Project to create a project plan with just enough detail to allow you to track the progress, and yet somehow, we cannot make accurate decisions with a high level of confidence about the success or failure of the project. Yes, we can say the project is ahead or behind, and we know when a project goes longer than expected, we can use the existing run rate of our resources to estimate how much more money will be needed to finish the project.
What about the majority of projects that continue to go over budget or run long multiple times before the project is completed? How do we know when and where to shift resources to other workstreams, so the project is back on track? More importantly, can we predict a project will be successful or fail before the kick-off and explain why?
With the accessability of AI technologies, Greyfly.ai combines the foundational concepts of project management to generate true project intelligence. This software solution enables project managers to predict proactively the expected success or failure of a project and, during the project, outline what project parameters need to be changed to bring the project back on track.
In talking with Marcia Williams, Chief Product Officer of Grefly, leveraging AI technologies on top of the data enables predictive analytics to address project questions with higher confidence. The fact-based decisions reduce the risk that can drive potential savings (or cost-avoidance. The historical data can be used to highlight if a project has the potential to be a failure and address the 'why.'
There is a US cartoon in the 1980s I used to watch on Saturday mornings called GIJoe. Their slogan was 'knowledge is power and 'knowing is half the battle. With improved project intelligence, using AI technologies is helping to harness the power of project data and to answer the one question we could not figure out before 'Why?'.
- a professional journey from IT auditor to Product Development
- drive a fluid business culture to allow the customer to take you where you need to go
- the product officer's role
- resource capacity through an organic growth structure