Artificial Intelligence (AI) is reshaping how projects are conceived, planned, executed, and monitored across industries. While early discourse predicted that AI might automate the project manager’s (PM’s) job, practice shows a more nuanced reality: AI augments human decision-making, accelerates routine tasks, and raises the bar for leadership, ethics, and socio-technical coordination. This paper examines how the PM role is changing in the AI era, identifies the competencies now required, maps high-value use cases across the project life cycle, proposes operating and governance frameworks to integrate AI responsibly, and outlines risks, adoption pitfalls, and future scenarios. We argue that the AI-era PM is best understood as a “systems integrator” and “sense-maker” who orchestrates human and machine intelligence to deliver outcomes with higher reliability, speed, and ethical integrity.