In this episode of the AI Driven PM Podcast, host Rick A. Morris delves into the often-overlooked yet critical topic of risk management in project management. Rick shares a compelling story from his experience in the banking industry, highlighting the common but flawed mindset that "this project has no risk, because it must be done on time.” He introduces the "13th Floor Principle," which metaphorically explains how ignoring risks doesn't eliminate them.
Rick breaks down the traditional risk management process, from risk identification and qualification to quantification and mitigation. He emphasizes the psychological challenges project managers face when considering potential risks, especially after creating an optimistic project plan. To address these challenges, Rick explores how AI can revolutionize risk management by leveraging historical data, lessons learned, and project documentation to generate dynamic and adaptive risk assessments.
In a practical demonstration, Rick uses ChatGPT to brainstorm potential risks for a hypothetical project of migrating from Salesforce to Microsoft Dynamics. He showcases how AI can drill down into specific issues, such as data compatibility, and suggest mitigation strategies. Rick also illustrates how AI can analyze project schedules and RFPs to identify variances, lessons learned, and potential risks.
Rick concludes with a vision for the future, where AI consolidates vast amounts of project information to provide actionable insights and help project managers set up effective contingencies. He encourages listeners to engage with the podcast on social media and share their feedback and suggestions for future episodes.
Tune in to learn how AI is set to transform risk management and elevate your project management skills to new heights. Don't miss this insightful episode filled with practical tips and forward-looking strategies.
AI Driven PM
Welcome to "AI Driven PM," the podcast where project management meets cutting-edge technology. Hosted by Rick A. Morris, a seasoned project manager, best-selling author, and dynamic public speaker, this podcast is your gateway to understanding and harnessing the power of artificial intelligence in your daily management tasks.
Rick A. Morris is no stranger to the complexities and challenges of project management. With over 100 successful implementations of Project and Portfolio Management and Agile systems for top-tier companies like GE, Xerox, and CA, Rick brings a wealth of experience and a unique perspective to the table. His credentials, including PMP, CHBC, PMI-ACP, and Six Sigma Green Belt, combined with his role as the National Delivery Lead for EPPM at Centric Consulting, make him an authoritative voice in the industry.
In each episode of "AI Driven PM," Rick will dive into the theoretical foundations of AI and then demonstrate practical applications to enhance your efficiency as a project manager. Whether you manage projects, portfolios, programs, people, or products, this podcast is designed to provide you with actionable insights and tools to transform your management practices.
Rick's approach is deeply rooted in his belief in the value of people and the importance of effective communication. His experiences, as shared in his six books, highlight his commitment to valuing individuals over mere metrics and his dedication to fostering a work-life balance. This human-centric approach is a cornerstone of the "AI Driven PM" podcast, ensuring that while you leverage advanced technology, you never lose sight of the human element in project management.
Listeners can expect to learn about a variety of AI applications, from automating routine tasks and improving decision-making processes to enhancing team collaboration and predicting project outcomes. Rick will share real-world examples and case studies, drawing from his extensive career and consulting experience with diverse industries, including financial services, entertainment, healthcare, and manufacturing.
The podcast is not just about technology; it's about integrating AI into your management style to achieve tangible results. Rick’s down-to-earth delivery style and passion for the profession make complex concepts accessible and engaging. Whether you're a seasoned project manager looking to stay ahead of the curve or a newcomer eager to learn, "AI Driven PM" offers valuable insights and practical advice.
Join Rick A. Morris on this exciting journey to explore the intersection of AI and PM. Tune in to "AI Driven PM" and discover how you can make smarter decisions, streamline your processes, and ultimately, achieve more with the power of artificial intelligence.