You are being tasked to manage an AI project at your company and you need to identify which project to start with. What’s the best way to approach this?
A.
Go through all possible scenarios to come up with the perfect first project.
B.
Ask key stakeholders from your group and find a small problem that would have a big return on investment and start there.
C.
Find a project that requires 100% accuracy in the results and start with that one.
D.
Ask key stakeholders from all groups for input about their pain points.
In Phase I: Business Understanding, CPMAI directs teams to “determine business objectives” by engaging stakeholders to surface specific pain points, estimate time-to-ROI, and prioritize projects that deliver tangible business value quickly. Focusing on a narrowly scoped problem with high ROI ensures early success, builds momentum, and validates the AI methodology before tackling larger or more complex initiatives.
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