PN — The title question is answered cautiously
The title question is answered cautiously: language models can assist concrete bounded tasks (triage, estimation, prioritization) with measurable above-baseline quality and competitive energy cost, but cannot manage projects in the full sense, so project management remains an essentially human practice that AI can augment but not replace.
Source: PUMA project documentation · Traceability: corpus unit
MEM-062· Confidence: verified-at-primary-source