Making a Project Management System Smarter

Client

The Client is developing a project management system for a thousand enterprises (mainly from North America) covering various business areas: IT, marketing, education, healthcare, etc. Over 10 years, the product has become overwhelmingly successful and accumulated a substantial amount of data on completed projects.The Client is aiming at the continuous improvement of the product performance to meet user needs. To enhance the quality of the project management system, the Client came up with the idea of leveraging the power of data and applying machine learning.

Challenge: еliminate the lack of information managers face estimating the duration of a project

People are often wrong in their estimations, but twice as often, employees fail to track the actual status of tasks in the project management system. Therefore, top management faces significant difficulties trying to predict the project end date and whether or not a project will be completed on time.A system capable of providing a more accurate estimation of the actual project end date would come in handy for managers and would increase the overall effectiveness of project management processes within the Client’s system.

Solution: a microservice that provides access to the API to evaluate the duration of a project with a higher degree of accuracy

The work of the Essid Solutions team was split into the following stages:

• conduct the research on a given problem
• formulate and test hypotheses
• choose a relevant model and validate its quality
• prove the predictive potential of the Client’s data
• develop a predictive model (based on gradient boosted decision trees)

The Essid Solutions team conducted the research on some popular enhancements in the project management tools. To match user needs and market demands, the list of product features includes the following:

• project duration prediction
• task duration prediction
• efficient allocation of project resources
• fixing project scope
• prioritizing projects
• project budget planning
• filling gaps in the employees’ profiles
• classification of notifications by importance
• project workflow automatization

The Client picked the project duration prediction as the most useful feature to develop.The overall development process comprises 4 stages. The choice of the gradient boosting model was due to the volume (enough to abandon linear models but insufficient for neural networks) and the heterogeneous nature of the data.So, the Essid Solutions team has delivered the model capable to efficiently predict the number of calendar days left before the expected project end.

Result: a microservice to be integrated into the Client’s infrastructure and enhance the quality of the project management system

The service delivered by Essid Solutionsprovides access to the API, through which it is possible to effectively evaluate the duration of a project. Predictions can be generated at the planning stage or on any given day during the development process.The quality of the model was assessed by using the SMAPE metric. The model performance is 50-60% higher in terms of accuracy than the estimates that managers explicitly indicated.For projects that didn’t have estimations by managers, the baselines were calculated (a simple method to estimate target variable). The quality of the model exceeds the quality of the baseline models by up to 15% (depending on a segment).Figure 2. The comparison at the project planning stageThe model is successfully integrated into the Client’s project management system and allows the users to receive real-time predictions.Top management receives a powerful tool for monitoring the “health” of a project. The model also provides an opportunity to more effectively assess the progress of a project or anticipate possible risks.

SaaS