Measuring the Benefits of Using AI

Summary

This chapter focuses on how to effectively measure the benefits of using artificial intelligence (AI) in project management. By providing frameworks and key performance indicators, we can assess AI's impact on time savings, cost reduction, risk mitigation, and overall project outcomes. The goal is to ensure that AI integration not only improves project execution but also aligns with broader business objectives, driving value and efficiency across the organization. To effectively measure the impact of AI, it's essential to establish a baseline. This involves tracking key metrics before AI implementation, such as task completion times, resource utilization, and project costs. Factors like attribution, resistance to AI adoption, and data quality can obscure AI's benefits, making it difficult to fully assess its value. One of the most effective ways to ensure that AI continues to deliver value in our projects is by scheduling regular performance reviews and audits.