1. Artificial intelligence is impacting key areas of product development like project planning, resource allocation, and performance monitoring. 2. AI helps improve project planning through analyzing past project data to better predict challenges and avoid issues. 3. It also helps with resource allocation by objectively evaluating candidates based on skills rather than human biases, and finding qualified resources faster. 4. AI enhances performance monitoring by using data to proactively identify potential barriers or losses and spot opportunities for improvement.