Question

Question 1: Conduct research on the following machine learning powered project management applications and explain which one you might recommend to your company (or a firm that you are familiar with). Please justify the logic for your proposal in terms of how the application might create value for the organization.

Forecast

KnightSpear

Teodesk

Lili.ai

Question 2: Apply the DMAIC improvement cycle to the improvement of a process in private school, your company, or a firm/business that you are familiar with.

Answer 1

(1) Application that can be recommended to the company:

• The project management application which I would recommend to the company I am working in would be Knight Spear.
• The company I am working in deals in multiple projects and their completion from time to time.
• The Knight Spear is an Artificial Intelligence based project management software which is involved in managing the entire project and the issues involved in its completion.
• The software helps the project managers to keep a track on the tasks of the members and keep them motivated on timely basis.
• It also helps the members to search for the log files in the entire system quickly, thus saving time for the team members.
• The application will add to the value of the company as it will make project management more organized and achievable.
• The roles will be made clear with the software and scope for conflicts will reduce to a large extent.
• By using the software, the managers can track the performance of the team members and provide feedback on regular basis, thus adding value.

(2) DMAIC Improvement Cycle:

DMAIC cycle can be used in project management by the company in which I am working. Following steps can be followed to manage the project:

• Define: the project should be clearly defined and the objectives should be made clear to the entire project team before starting the project.
• Measure: the performance of the project should be measured using the right set of tools and methods. Measuring the project correctly and seeing how well the project is working as per the standards is an important task and need to be done carefully.
• Analysis: analysis of the measured portion should be done and interpretations on how well the project performed and how effectively the team members did their work should be made by the managers.
• Improvement: there is always space for improvement and after analysis is made the area which requires improvement is identified in the project. For better performance in future, improvement had to be done.
• Controlling: this is the last step in the process which involves looking back at the entire project work and identifying any loopholes and reasons why standards are not met. After finding the mistakes, corrections need to be done so that better performance is recorded in future.