Project Management

ChatGPT is changing the way people work in every sphere of life, by automating tasks, improving customer service, breaking down language barriers, assisting in content creation, providing personalized experiences, and helping them make informed decisions. It is helping businesses and individuals work more efficiently, save time, and improve the quality of their work. In this post, we will explore a few use cases of ChatGPT in each phase of Project Management.

In 2021, as businesses continue to digitize operations with a vengeance, the question arises: what sort of opportunity does this ‘enforced digitization’ offer to companies struggling with cost and time overruns in project management?

In this post, I will attempt to throw light on the Procurement Phase in EPC Projects, specifically, the challenges and limitations that can affect this phase and potentially delay project completion.

Managing engineering projects by managing the associated document data flows is like bulletproofing your engineering progress monitoring system. It shuts down all the avenues for wrong reporting and delayed reporting by capturing data at the source. It provides accurate information at the press of a button. Enhances timely decision-making and improves the project’s velocity. If you can manage the progress of the document workflows, then you can manage the progress of the actual work.

A huge challenge faced by project owners, managers, and controllers is the non-availability of accurate timely project progress information. In most EPC projects getting access to this kind of information takes at least a week and sets up a bottleneck that can delay the taking of corrective actions, which in turn adds to schedule and cost overruns.