Starting Budget: $1,000,000
Starting Team: 4 people: 1 programmer (full-time), 1 lawyer, 1 risk professional. And you, the PMO lead.
1) Choose an AI Model area:
a) Risks, b) Finance, c) Schedule / Resourcing, d) Reporting / Communication
2) Background: You are an Exxon PMO. You have plants around the world suffering technical failures and need to predict this. You can't simply use sensors as they are easy to hack. You need to find a way to acquire data and use it to predict maintenance and plant failures. CEO gave you $1 Million but you must show results in 8 months or your team will lose 50% of your budget next year.
3) Choices: democratically, choose your next step and spend:
i) Give 75% of the budget to the programmer to develop a risk model. Give 25% to the lawyer for reviews.
ii) Give 75% to programmers, and 25% to Risk Director to make a risk model project. Meet all of them weekly to review. Ask the lawyer to attend weekly meetings.
iii) Use 50% of the budget for an Enterprise AI (like ChatGPT, IBM, or Co-pilot). Give the other half of your budget to the lawyer and Risk Director to review laws and deliverables.
Risks:
i) Lose (-$800K) by: Major schedule delay. Data Breach.
ii) Lose (-$800K) by: Major schedule delay. Legal Concern.
iii) Lose (-$800K) by: Data breach. Technical breakdown.