The Role of Artificial Intelligence and Machine Learning in Enhancing Predictive Analytics for Project Performance and Risk Mitigation.

Abstract

In the contemporary business landscape, project management stands as a critical discipline for organizations seeking to achieve strategic objectives, innovate, and maintain a competitive edge. However, despite decades of refinement in methodologies and tools, the successful delivery of projects remains a significant challenge. Studies consistently show a high rate of project failure, with projects frequently exceeding their planned budgets and timelines, or failing to meet their intended goals. This persistent gap between project planning and successful execution highlights the limitations of traditional, deterministic management approaches, which often struggle to account for the inherent complexity, dynamism, and uncertainty of modern projects.