Digital Transformation Opportunities to Deliver Augmented Project Management Intelligence - Executive Summary

Executive Summary -

For Asset-intensive Industries, Capital projects are a Billion dollar engine for growth and change.  These Projects have become an area of focus across major Energy and EPC Companies. In this whitepaper, we will examine future trends for Project Intelligence that are possible through the use of Artificial Intelligence (AI) and Machine Learning (ML).     

Digital Transformation Opportunities for ERP-connected Project Management Intelligence

Artificial intelligence has already made some important inroads in ERP Cloud applications, with even greater potential to be realized.  From project estimating and resourcing to project scheduling and managing project supplier deliverables.  With ERP-connected project management systems, AI/ML opportunities can now span multiple ERP Modules. 

AI/ML will not just take over repetitive Project tasks or provide routine enhancements.  AI/ML will allow Project Management to leverage other ERP modules, like purchasing, to incorporate key Project Purchasing intelligence data points.  Project scheduling can leverage visibility across project purchasing to incorporate supplier updates from PO promise dates to ASN’s and PO Receipts.

Project Intelligence AI/ML focus areas below are key opportunity areas for delivering transformational Projects AI/ML applications:

ü  Projects Machine Learning: Analyzing Project dependencies

ü  Align Project Schedules with Purchasing and Project Suppliers timelines

ü  Risk Management: Identify Project Exception Conditions Faster

ü  Predictive Analytics: Project Change Order Impact Analysis 

Note: Other Projects AI/ML opportunity areas for future consideration include the use of Drones to Analyze Project Progress.