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This research paper is focused on studying how Artificial Intelligence (AI) will impact Project Risk Management. Today, Artificial Intelligence is essential in the field of Project Risk Management. Artificial intelligence (AI) is the recreation of human intelligence processes by machines, especially computer systems.(opendatasoft, 2024) AI automates repetitive learnings and discovery through data and also furthermore frequent, high-volume, computerized tasks are performed by AI instead of automating manual tasks.(sas.com, 2024) This research model is based on the theoretical risk management framework proposed in the Project Risk Management Knowledge area in PMBOK 6. A depth investigation is conducted to determine different types of available modern AI technologies and their general application to project risk management. The identified AI technologies are then cannibalized in accordance with the segments provided in PMI project risk management framework. Furthermore, this research goes on to recognize and discuss the theoretical advantages and disadvantages of such applications in Project Risk Management context. Other than that, ethical and legal considerations when applying these technologies in real world scenarios in the Project Risk Management field are also discussed in this paper. Opportunities for future research also listed as supplementary analysis at the end of the research.
Aluthwala et al. (Tue,) studied this question.