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Table of Contents

Mega Project: Artificial Intelligence. 3

Executive Summary. 3

Introduction. 4

Assignment of the Team.. 5

Developing the Realistic Estimates. 5

Correct Choice of Strategy. 6

Creation of Senior Management that is Dedicated. 6

Active Management of Report Risks. 7

Considerations for the Project 7

Gap Analysis. 7

Value Management 8

Challenges. 9

Recommendations. 9

Improve Communication. 9

Motivation. 9

Conclusion. 10

List of References. 11

= Mega Project: Artificial Intelligence =

= Executive Summary =            Foreign investments are risky ventures. For mega projects, one can incur lots of losses if proper preparations are not put in place. Investing in Turkmenistan is a risk worth taking. Looking at the rates at which the oil and gas industries are growing, there is the need to accept and face the challenges involved. As the CEO of British Petroleum, the best mega-project venture to take in this region is artificial intelligence. The world of technology is developing each day and many people have moved to new platforms of production, communication, distribution, and management of business (Thakkar, 2020). There is a need to invest in artificial intelligence to facilitate all processes involved in the manufacturing, distribution, and storage of oil and gas.

This report focuses on the complexities involved in the introduction of AI technologies, the mega and complex principles, and the various recommendations to enhance the management of the project. It also focuses on the major stakeholders involved in the project and the roles they play. Some of the main principles that this report focuses on include early assignment of the team, correct choice of strategy, developing the realistic estimates, creation of senior management that is dedicated, and active management of report risks (Boateng, Chen, and Ogunlana, 2017).

= Introduction =            Megaprojects are faced with many complexities and the need to employ principles is crucial to limit risks. Introducing artificial intelligence technologies in megaprojects is not an easy task. It entails several processes that must be keenly observed. This means that a manager has to take into consideration a number of principles. First, the project team has to be assigned in time. The oil business is growing fast in Turkmenistan and competitive advantages need to be taken (Knapcikova, Dragan, and Marko). When a team is assigned on time, planning is easy and the project will be a success. The second one to focus on is the selection of strategies. There is a need to select the right strategies to come up with the desired results. For this project, the main objective is to bring AI technologies to enhance speed, accuracy, communication, and distribution of resources. The technologies will also be used to facilitate marketing through a proper connection to the cloud. Thus, big data analytics will be applied to make data-driven decisions.

As much as the project aims to enhance business, there is a need to focus on realistic estimates. This means that the goals should be realistic for the team to achieve. Management is aware of the capabilities of the company and will create that which its employees can attain without struggling. For instance, it should not be out of the budget and should not employ complexities that the employees cannot manage. Another critical principle focuses on the active management of the project. Risks are inevitable. Thus, being active will help in reducing them and making the business move in the desired direction. Managemen and it dedicate team need to work close to each other to make this possible. There is also the need to develop senior management to enhance the decision-making process. Other principles include having project-specific policies, specific roles, frequent meetings, and early planning.

Assignment of the Team
           Assigning a team that will handle the project is the most important thing. This is the stage where the policies that govern the introduction of AI technologies will be decided. First, the team will have to be divided and individuals assigned different roles. It will comprise the team leader, communications individuals, and technicians that will deal with and oversee the programming of the AI technologies introduced (Flyvbjerg, 2017). For this mega project, this should be the first step. After the assignment of the roles, the next principle to focus on is the development of realistic estimates.

Team building is one of the most essential parts of any mega project. This is the stage where management has to decide the personnel behind the development of the project. This should be done carefully. If the right individuals are selected, then it will be easy to create a successful strategy. It is a good idea for the CEO to select individuals based on their skills and capabilities. This is specialization and will enhance efficiency. When specialization is in place, it will be possible to have individuals working on their areas of interest.

Developing the Realistic Estimates
           For a project to be successful, realistic estimates have to be made. It should not be based on assumptions because other organizations have achieved it. As the CEO, one has to ensure that every goal that is set is achievable, realistic, and makes sense to all. For example, it has to remain within a budget that the organization can afford. Moving out of the budget is unrealistic. The company will run short of funds and be unable to pay for other services. Thus, the CEO needs to be in charge and control others to come up with goals that make sense for every department. Most of the time, company executives want to achieve more than what can be done. In the process, they end up providing team members with goals that cannot be achieved. It is vital to set the right strategies, that can facilitate the achievement of the goals set.

Correct Choice of Strategy
           Strategy is critical when it comes to planning. One needs to know the best ways to attaining the set objectives. If properly selected, the best strategies can act as an added advantage for the success of any business. In the pre-feasibility stage, management has to decide on the best strategies to achieving success. The project’s anticipations need to be put clear for every person. This is critical in the decision-making process. With the correct strategy, it will be easy to estimate the costs, maintenance demands, and schedules to involve. It is fundamental to know how long the strategy can last. Thus, the CEO has to approve the best strategies that can take the organization for a long time.

Creation of Senior Management that is Dedicated
           Management is a critical part of every organization. This is where all the vital points are made. The decision-making process starts with them. For this project, it is critical to create a team of senior managers that can take charge of the project. These are individuals that will make decisions on the vital paths to take to achieve success. Being a megaproject that will affect every section of the business, it is fundamental to make sure that every part is perfectly governed.

Active Management of Report Risks
Companies in the contemporary world have to continuously analyze any risks they may face in the short-term and the long term. Risk management is crucial in any business as it outlines looking way into the future and looking at issues that the firm might encounter. The enactment of an effective risk management plan ensures that the firm looks at any potential risks and comes up with effective ways to resolve them. Thus, it is imperative to have an early risk planning incentive and risk identification to prepare an institution for any problems it may encounter in the future and stimulate its development of mitigation measures.

= Considerations for the Project =

Gap Analysis
The world is moving fast due to the emergence of new technologies. Human effort is being replaced by AI technologies to facilitate organizational processes. Being a new venture in Turkmenistan, there is room for the introduction of robots to help maximize efficiency. For example, this organization will deal with clients from all over the world. Thus, it is essential to facilitate the creation of AI technologies that will allow such consumers to make online purchases safely. If the AI technologies are introduced, production will increase with a little input as indicated by the graph below where variable Y is the output, and X the input. The relationship is directly proportional.

Value Management
A combination of strategies will be employed to ensure that value is managed properly. For instance, recruitment to of as skilled workforce.it is also essential to combine this with the latest technologies for accountability to be present. . Accuracy will also be made present. Thus, every expenditure will be well accounted for in the project.

Challenges
           This project will be faced with a few obstacles. First, being a new venture in a foreign nation, obtaining materials will be a problem. So far, management if not sure of any trusted suppliers but is willing to take a risk. It is a first-time process for a new firm and one has to be ready to face the challenges. So far, employees are new, and the chances of communication breakdowns happening are high. There is no clue as to who is good at the introduction of AI technologies. However, academic credentials will be applied. It is difficult to know competitive individuals in a new project.

Improve Communication
To enhance the success of this project, management will need to employ a combination of strategies. First, there is a need to create an environment where the free flow of information is successful (Badger, 2021). Communication is the most important thing for the success of any project. The different stakeholders involved in the introduction of AI technologies should be allowed to communicate freely. This will allow them to exchange information and decide on the best possible strategies to introduce.

Motivation
The management should motivate employees. Different members of the project need to be motivated. A motivated workforce is often the best to work with. Employees need to feel like part of the project for it to be successful. There are different types of motivation. This is a mega project and any slight mistake can lead to billions of losses (Dugovič̌ová, 2019). Thus, it is good to ensure that individuals are willing and ready to work. Monetary incentives can work in this case. Other employees can be motivated by being allowed time to engage in personal activities. Nevertheless, small things like providing lunch, breakfast, and other meals can be motivating and encouraging. They show that management cares for the welfare of its employees. This is a positive thing that can be used to overcome any resistance to the changes this project will bring.

= Conclusion = As the CEO of the British Investment, this megaproject is a risk worth taking. The world of information communication technologies is growing fast. Many are trying to adopt them as a competitive advantage to overcome several challenges. Therefore, it is critical to ensure that the new firm is in a position to implement data-driven decisions using these new technologies.

= List of References = Badger, Adam. (2021). It Gets Better with Age: AI and the Labour Process in Old and New Gig-

Economy Firms. In Augmented Exploitation: Artificial Intelligence, Automation and Work, edited by Moore Phoebe V. and Woodcock Jamie, 115-26. London: Pluto Press.

Boateng, P., Chen, Z., & Ogunlana, S. O. (2017). Megaproject Risk Analysis and Simulation A

Dynamic Systems Approach

Dugovič̌ová, J. (2019). Impact of employee motivation on employee retention rates.

Flyvbjerg, B. (2017). The Oxford handbook of megaproject management. Oxford, Oxford

University Press.

Knapcikova, Lucia, Michal Balog, Dragan Peraković, and Marko Periša. New Approaches in

Management of Smart Manufacturing Systems: Knowledge and Practice. , 2020. Internet resource.

Thakkar, B. S. (2020). Paradigm shift in management philosophy future challenges in global

organizations. Cham, Palgrave Macmillan.

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