For a global financial institution deploying an AI-driven, real-time fraud detection and risk management system, PMI-aligned AI governance highlights the need for specialized expertise in multiple domains: AI/ML, data engineering, financial risk, fraud typologies, and complex financial regulations (e.g., KYC, AML, transaction monitoring rules). When a skills gap is identified in such a high-stakes, highly regulated context, continuing without the right expertise can create serious compliance, operational, and reputational risks.
Engaging external consultants to fill the expertise gap (option D) is consistent with PMI-CPMAI’s focus on ensuring that roles and responsibilities are matched with appropriate competencies. Consultants with proven experience in regulated financial AI projects can help design compliant architectures, define explainability and auditability requirements, advise on model risk management, and ensure that controls meet regulatory expectations.
Delaying the project until internal expertise is developed (option A) may not be practical for strategic initiatives and still might not yield sufficient depth of experience. Proceeding until “expertise is needed” (option B) increases the risk that early design decisions violate regulations or are misaligned with supervisory expectations. Allocating budget to train consultants (option C) misinterprets the need; the immediate requirement is to obtain expertise, not train external parties. Therefore, the project manager should engage consultants to fill the expertise gap while maintaining regulatory adherence and project momentum.
