Adoption of Artificial Intelligence within Business Organization
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This project proposal and plan discusses the adoption of artificial intelligence within business organizations, its advantages, and the steps to adopt it. It also includes a work breakdown structure, risk analysis, and a Gantt chart.
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Running head: PROJECT PROPOSAL AND PLAN Project proposal and plan Name of the Student Name of the University Author’s Note
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1 PROJECT PROPOSAL AND PLAN Table of Contents 1. Title:.......................................................................................................................................2 2. Rationale................................................................................................................................2 a) Problem domain................................................................................................................2 b) Purpose and justification....................................................................................................2 3. Sponsor and supervisor recommendation..............................................................................3 4. Research Questions................................................................................................................3 5. Conceptual and theoretical framework..................................................................................3 6. Methodology..........................................................................................................................4 a) Research and system development method.......................................................................4 b) Data collection or system design methods.........................................................................5 c) Ethical Issues......................................................................................................................5 d) Compliance requirements (Workplace, industry or government regulations)...................5 e) Analysis of data..................................................................................................................5 7. Project Plan............................................................................................................................6 a) Deliverables.......................................................................................................................6 b) Work breakdown structure.................................................................................................6 c) Risk analysis......................................................................................................................6 d) Duration.............................................................................................................................8 e) Gantt chart........................................................................................................................11 Bibliography.............................................................................................................................12
2 PROJECT PROPOSAL AND PLAN 1. Title:Adoption of artificial Intelligence within business organization 2. Rationale a) Problem domain The multinational organization generally engages in number of complex business operation in order to deal with the clients of the organization. They generally have to manage sheer number of business functions as well as operations in order to meet the demands as well as requirements of the clients. However, it is identified that with time, the clients of the organizations are generally increasing and therefore it is becoming quite difficult to manage the functions and operations of the organization appropriately. Thus, the multinational organizations prefer the technology of artificial intelligence as it not only manages the operations of the business appropriately but also helps in serving sheer number of clients properly irrespective of location and time. b) Purpose and justification The adoption of the technology of artificial intelligence within the organization helps in serving huge number of organizational clients irrespective of time and location. The utilization of Artificial Intelligence in business organizations not only helps in managing various operations of the business accurately but also assists in saving both money and time by automating the entire operation of the business. In addition to this, it is found that with the use of AI, the organization can be able to serve its customer 24x7 without creating any downtime as well as disruption within the business operation
3 PROJECT PROPOSAL AND PLAN 3. Sponsor and supervisor recommendation The adoption of artificial intelligence is mainly suggested by various multinational companies in order to perform various business related functions accurately. The use of AI within business organization not only helps performing business operations accurately but also assists serving the clients 24x7 irrespective of time and location. 4. Research Questions The research questions of the paper are as follows: How artificial intelligence is advantageous for the business organizations? How the technology of artificial intelligence helps in mitigated issues that are associated with human error within the business organizations What are the various steps that are generally followed by the business organization for adopting artificial intelligence? 5. Conceptual and theoretical framework A multinational company generally requires appropriate resources as well as time in order to manage the various business operations including the client. It is identified that with the growth in the business, it becomes quite difficult for the workers of the organization to maintain the clients as well as fulfil their demands with accuracy. It is stated byWenger (2014) that workers who are working in the multinational organizationcan make mistakes while handling the clients that can create further negative impact on the business of the organization. Therefore, in order to mitigate the issues as well as challenges, the organization wants to adopt artificial intelligence, which assists in managing the business operations of the organization with accuracy (Zang, Zhang, Di and Zhu 2015).In addition to this, with the
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4 PROJECT PROPOSAL AND PLAN utilization of AI, the business operation of the organization can serve their clients 24x7 which is one of the most important benefits of AI. Artificial Intelligence generally helps in providing number of advantages that are as follows: Encourage competitors:According toFeigenbaum (2014), it is identified that the use of AI within business helps the team to get on board. It is found that the AI assists in creating healthy competitors, within the business organization, which not only increases productivity of the organization but also assists in generating high yearly revenue. Enhance productivity:It is stated byMuller and Bostrom (2016) that the use of AI within the business organization help in providing proper opportunity to improve the functions as well as operations of the business by minimizing downtime as well as disruption which further assists in enhancing organizational productivity. Rapid input to data and information:AI helps in providing the opportunity of organizing as well as scanning data and information within a short period of time that further assists in providing the opportunity of doing other work of the business within that time. 6. Methodology a) Research and system development method The project mainly utilizes agile development method for adopting AI within different business organizations. The agile methodology is mainly used in order to support continuous as well as rapid adoption of AI. In addition this, it is identified that with the use of agile methodology system development methodology, the project can be able to adopt the
5 PROJECT PROPOSAL AND PLAN changing circumstances and thus can be able to serve the customers with appropriate method of delivery. b) Data collection or system design methods The paper utilizes secondary data collection method in order to collect information that is related with the adoption of AI within business organization. It is food that numbers of journal articles, eBooks as well as published papers are reviewed for gathering information associated with AI. c) Ethical Issues The various types of ethical issues that can occur within the organization include: Pressurizing workers to work after their shift time for completing the research Careless of the organizational employees in managing confidential data and information d) Compliance requirements (Workplace, industry or government regulations) The organization must follow the occupational health and safety act for marinating safe organizational environment. It also assists in reducing workplace accidents as well as injuries. e) Analysis of data After the adoption of AI by business organization, it has been analyzed that 80% of the organization are able to improve their business operations by operating 24x7. The utilization of AI within business also helps in decreasing the chances of downtime as well as disruption within the business organizations.
6 PROJECT PROPOSAL AND PLAN 7. Project Plan a) Deliverables The various deliverables of the project include: Creating familiarity with Artificial Intelligence Development of organization structure for the adoption of Artificial Intelligence Identification of issues as well as challenges that Artificial Intelligence wants to solve Creating priority for concrete value Internet capability gap is acknowledged Recruiting experts for development of pilot project b) Work breakdown structure Figure 1: Work breakdown Structure
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7 PROJECT PROPOSAL AND PLAN (Source: Created by Author) c) Risk analysis RiskDescriptionImpactL likelihoodMitigation strategies Inappropriate budget estimation Ifproper marketanalysis about the cost of variousproject resources is not undertakenthen thebudgetthat isestimatedis inappropriate whichgenerally creates financial pressureonthe organization HighHighPropermarket analysisonthe costvarious project resources mustbe undertakenfor properly estimatethe project budget. Schedule slippage Iftheproject managersare notableto managethe variousproject activities properly then it generally HighMediumIt is very much necessaryto trackthework progressofthe projectona weekly basis in ordertoavoid slippageof
8 PROJECT PROPOSAL AND PLAN difficultfor the project managersto completethe entireproject within time schedule. Technological risk Dueto technological risk,the organization may face issues inadopting artificial Intelligence. highMediumThe technological complexities must be detected intheinitial phasesofte project so that it canbe minimized. d) Duration Task NameDurationStartFinish Adoption of Artificial Intelligence in business organization 65 daysThu 3/29/18Wed 6/27/18 Initiation phase of the project 10 daysThu 3/29/18Wed 4/11/18 Business case development3 daysThu 3/29/18Mon 4/2/18
9 PROJECT PROPOSAL AND PLAN Undertaking feasibility study 2 daysTue 4/3/18Wed 4/4/18 Project charter establishment 3 daysThu 4/5/18Mon 4/9/18 Appointment of project team members 2 daysTue 4/10/18Wed 4/11/18 Milestone1: Initiation phase completion 0 daysWed 4/11/18Wed 4/11/18 Planning phase of the project 20 daysThu 4/12/18Wed 5/9/18 Project plan development5 daysThu 4/12/18Wed 4/18/18 Resource plan development 3 daysThu 4/19/18Mon 4/23/18 Financial plan development 2 daysTue 4/24/18Wed 4/25/18 Quality plan development3 daysThu 4/26/18Mon 4/30/18 Risk management plan development 2 daysTue 5/1/18Wed 5/2/18 Development of communication plan 5 daysThu 5/3/18Wed 5/9/18 Milestone2: Project planning phase completion 0 daysWed 5/9/18Wed 5/9/18 Project execution phase30 daysThu 5/10/18Wed 6/20/18 Creating familiarity with5 daysThu 5/10/18Wed 5/16/18
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10 PROJECT PROPOSAL AND PLAN Artificial Intelligence Development of organization structure for the adoption of Artificial Intelligence 5 daysThu 5/17/18Wed 5/23/18 Identification of issues as well as challenges that Artificial Intelligence wants to solve 4 daysThu 5/24/18Tue 5/29/18 Creating priority for concrete value 6 daysWed 5/30/18Wed 6/6/18 Internet capability gap is acknowledged 5 daysThu 6/7/18Wed 6/13/18 Recruiting experts for development of pilot project 5 daysThu 6/14/18Wed 6/20/18 Milestone 3: Execution project phase completion 0 daysWed 6/20/18Wed 6/20/18 Project closure phase5 daysThu 6/21/18Wed 6/27/18 Post project review2 daysThu 6/21/18Fri 6/22/18 Stakeholder sign off2 daysMon 6/25/18Tue 6/26/18 Creating proper documentation 1 dayWed 6/27/18Wed 6/27/18 Milestone 4: Closure phase development 0 daysWed 6/27/18Wed 6/27/18
11 PROJECT PROPOSAL AND PLAN e) Gantt chart Figure 2: Gantt chart (Source: Created by Author)
12 PROJECT PROPOSAL AND PLAN Bibliography Cohen,P.R.,andFeigenbaum,E.A.(Eds.).,2014Thehandbookofartificial intelligence(Vol. 3). Butterworth-Heinemann. Correa, A., 2016.Project management in architectural practices: project success factors in building design processes(Doctoral dissertation, Dublin Business School). Hornstein, H. A., 2015. The integration of project management and organizational change management is now a necessity.International Journal of Project Management,33(2), 291- 298. Müller, V. C., and Bostrom, N., 2016. Future progress in artificial intelligence: A survey of expert opinion. InFundamental issues of artificial intelligence(pp. 555-572). Springer, Cham. Svejvig, P., and Andersen, P., 2015. Rethinking project management: A structured literature reviewwitha criticallookatthebravenewworld.InternationalJournalofProject Management,33(2), 278-290. Todorović, M. L., Petrović, D. Č., Mihić, M. M., Obradović, V. L., and Bushuyev, S. D., 2015.Projectsuccessanalysisframework:Aknowledge-basedapproachinproject management.International Journal of Project Management,33(4), 772-783. Wenger, E., 2014.Artificial intelligence and tutoring systems: computational and cognitive approaches to the communication of knowledge. Morgan Kaufmann. Zang, Y., Zhang, F., Di, C. A., & Zhu, D., 2015. Advances of flexible pressure sensors toward artificial intelligence and health care applications.Materials Horizons,2(2), 140-156.
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