Project Flux
Project Flux is a pioneering podcast that explores the transformative impact of Artificial Intelligence across various industries, including construction, music, infrastructure, and life sciences, with a focus on revolutionising the project delivery profession. Each episode brings to light how AI is redefining efficiency, innovation, and strategic decision-making in project management. Through engaging conversations with industry leaders, technologists, and forward-thinkers, the podcast offers a comprehensive look at the challenges and opportunities AI introduces, the nuances of its integration, and its potential to reshape project delivery on a global scale.
Project Flux is the go-to resource for professionals seeking to navigate the evolving landscape of AI in project delivery, offering insights, strategies, and inspiration to harness the power of AI for a more innovative and effective future.
Project Flux
How to Measure Anything in Project Management with Douglas Hubbard and Andreas Leed
Summary
In this episode of the Project Flux podcast, hosts discuss the importance of measuring uncertainty in project management with authors Douglas Hubbard and Andreas Leed. They explore the challenges faced in different industries, the role of AI in improving project outcomes, and the need for a quantitative approach to decision-making. The conversation emphasises the human element in project management, the necessity of adapting to emerging technologies, and the future implications of AI on jobs and project management practices.
Takeaways
- Measuring uncertainty can lead to better project decisions.
- AI can enhance project management through simulations and data analysis.
- Fewer projects with bigger returns are preferable.
- Risk matrices are ineffective and should be replaced with quantitative measures.
- Human involvement is crucial in AI-driven project management.
- Emerging technologies require adaptive project strategies.
- The economic value of measurement is tied to the effort put in.
- Understanding change is key to managing projects effectively.
- AI can help identify risks and improve decision-making processes.
- The future of project management will involve significant changes due to AI.
Chapters
- 00:00 Introduction to Project Management Measurement
- 02:45 The Importance of Measuring Uncertainty
- 05:34 Industry-Specific Challenges in Project Management
- 08:10 The Role of AI in Project Management
- 10:37 Decision-Making and Risk Analysis
- 13:29 Emerging Technologies and Their Impact
- 15:59 The Future of Measurement in Project Management
- 18:43 Understanding Statistical Significance
- 21:32 Benchmarking and Its Implications
- 24:06 Reference Class Forecasting and AI
- 27:00 Emergent Behavior in Complex Systems
- 29:31 Understanding Emergent Behavior in Projects
- 32:16 The Measurement Inversion in Project Management
- 34:51 AI Agents and the Future of Project Management
- 38:29 Rethinking Human Roles in an AI-Driven World
- 45:56 Preparing for the Future: AI Safety and Workforce Changes
Link and Stuff
Douglas Hubbard https://www.linkedin.com/in/dwhubbard/
Andreas Leed https://www.linkedin.com/in/andreasleed/
Buy the Book https://amzn.eu/d/guii8kU
Subscribe to the Project Flux Newsletter!
All our podcasts commentate on the weeks hottest news brought to you by the Project Flux Newsletter!
Get a step ahead on the world of AI and tech, subscribe and get the weekly newsletter to your inbox every Monday!