Thirumarban Madhavaraman

AI in the cost planning of Project Management

Project Cost Management plays a crucial role in the success of any project. It involves estimating, budgeting, and controlling the costs involved throughout the project lifecycle. The aim of the research is to optimize the cost-planning of projects especially in the construction sector. We see these coming technological developments as an opportunity like none before. Organizations and project leaders that are most prepared for this moment of disruption will stand to reap the most rewards. In today’s digital era, project managers can leverage the power of artificial intelligence (AI) tools to enhance cost management practices. This research focus on advanced capabilities of AI tools that enable project managers to improve cost estimation accuracy, optimize budget allocation, and streamline cost control processes.

Supervisors

Chitrakala Muthuveerappan

Qualifications

Bachelor's degree in Computer Science, Pondicherry University, India
Master's Degree in Computer Science, Pondicherry University, India
Master of Business Administration, University at Buffalo, USA

Contact

thiru.madhavaraman@vuw.ac.nz

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