Problem Statement: Enhanced Value derivation from project management functions in ever changing project environment has been a daunting challenge. Artificial Intelligence as a technology enabler is explored here for addressing this challenge. Solution Overview: Project Management functions are dissected at various phases right from initiation to closure to identify Value Pools. Value Pools are the identified points where key value derivation for project management function exists. These are then prioritized and mapped to potential improvement areas by leveraging NEW IT possibilities.