Is Artificial Intelligence Accelerating Project Management or Replacing Project Managers?

Being a Project Management Professional in good standing for almost a decade, I thought of exploring the role of Artificial Intelligence in my own area of Practice. But before delving into the nitty-gritty of the most exponentially growing technology of the current era and its role in project management, I thought to first enrich my readers with clarity on what does Project Management deal with and what does a Project encompass. Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria within the specified time frame. In other words, it is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. The primary challenge of project management is to achieve all the goals that are constrained to a finite timescale and budget.