Starting Budget: $1,000,000
Starting Team: 4 people: 1 programmer (part-time), 1 Regulatory Professional, 1 CFO. 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 a Hospital PMO. You need to build a new Brain Surgery wing but it will cost more than your budget. You need to find ways to cut costs without major impacts to patient care this year to pay for the new wing. 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 reporting model. Give 25% to the regulatory professional for reviews.
ii) Give 75% to programmers, and 25% to the CFO to make a budget optimization model project. Meet all of them weekly to review. Ask the regulatory pro 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 regulatory pro and CFO 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.