AI in Banking Project Management

Projects are defined by three critical elements, the work or scope to be done, the timeframe or schedule in which to do it, and resources or budget needed to pay for it.  Project Managers are often in control of planning and managing the first two, but the third one, the project budget is often controlled by the organization’s Finance department.  For this reason, project estimates, cost tracking, forecasting, and Return on Investment (ROI) are often a mystery to them. When the Project Manager does not understand an aspect of the project, they cannot manage and control it. This webinar will help team members understand the principles of project budgeting and financial tracking.  The webinar will present tools and techniques of project estimating, tracking forecasting and ROI calculations will be illustrated.  In addition, the unique challenges associated with project financial management will be presented and discussed. Projects, by their very nature, have an element of uncertainty, yet when it comes to financial matters, most businesses are averse to financial uncertainty.

Topics covered in this session

AI Background

• How AI works
• Knowledge Management
• Purpose of Projects

AI across the Project Lifecycle

• Initiation – Setting boundaries
• Planning – optimizing schedule and resources
• Risk management – assessing uncertainty
• Execution – Task automation
• Control – Monitoring and tracking
• Closing – Building the knowledge base

Example Banking Projects

• Compliance project
• Productivity/modernization project
• New product development project

Benefits and Challenges

• Benefits
• Competitive Advantage
• Challenges
• Future Trends

*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.