Failed AI schemes costing €710,000 on average, say project managers

Project Management Institute survey finds  that only 11% of recent Artificial Intelligence projects met all of their project success metrics

Ciarán Hickey, Data and Analytics and AI Labs lead, EY Ireland; Peter Glynne, president of PMI Ireland Chapter; and Jennifer Ryan, business transformation partner, EY Ireland.

Three in four project managers say that Artificial Intelligence (AI) has had a significant positive impact on the profession, but with mixed views on efficacy and cost to date.

A survey of 122 project managers carried out by the Ireland Chapter of Project Management Institute (PMI), found just 41% saying that AI is improving project completion rates and delivery times.