Risk Management
One area that has received more attention in recent years. Risk management is becoming every day a more fundamental part of what we do and how we plan.
This playlist has 26 episodes.
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Risk Identification in Projects
(05 Jul 2007)
Ricardo Vargas talks in this Podcast the main tools and techniques to better identify the project risks. This podcast was recorded only in Brazilian Portuguese. The link below is for the Brazilian Portuguese version.
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Recovery Strategies for Troubled Projects
(01 Oct 2007)
In this podcast Ricardo approaches the possible recovery strategies of troubled projects, its risks and benefits. This podcast was recorded only in Brazilian Portuguese. The link below is for the Brazilian Portuguese version.
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Risk Management
(19 Nov 2007)
In this podcast, Ricardo approaches the 6 risk management processes of the PMBOK Guide and it's characteristics. This podcast was recorded only in Brazilian Portuguese. The link below is for the Brazilian Portuguese version.
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Developing the Risk Responses
(03 Dec 2007)
In this podcast, Ricardo approaches the most diverse responses that could be given to project risks, aiming to reduce the total level of exposition of the project, as also improve the chances of new opportunities. This podcast was recorded only in Brazilian Portuguese. The link below is for the Brazilian Portuguese version.
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RBS - Risk Breakdown Structure
(05 Jan 2009)
In this episode, Ricardo explains what is a RBS, how it can help to identify project risks and how it should be created. This podcast was recorded only in Brazilian Portuguese. The link below is for the Brazilian Portuguese version.
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Risk Database
(12 Jan 2009)
In this podcast, Ricardo talks about the importance of documenting the project risks in a structured way the risks in order to generate a risk database. He also explains what information should be documented in the database. This podcast was recorded only in Brazilian Portuguese. The link below is for the Brazilian Portuguese version.
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Using the Quadratic Average (Mean) in the Qualitative Risk Analysis
(15 Jun 2009)
In this podcast, Ricardo Vargas talks about the qualitative risks analysis, sharing a model to qualify better the project risks using an qualitative analysis with numeric quantitative results by using the quadratic average calculation, allowing a simple and efficient approach for risk management.
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Extend Risk Management to Also Include the Opportunities
(30 Nov 2009)
In this podcast Ricardo presents the concept of opportunities management as part of the risk management process. He also talks about the most important strategies to respond to the "positive" risks in a project environment.
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Automotive recall from the perspective of Project Management
(08 Mar 2010)
In this podcast, Ricardo talks about the problems of recall in the automotive industry which occurred in February and how project management can help in situations like this. He explains that there is an increasing pressure on time and lower costs, leading companies to a greater exposure to risk.
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Contingency Reserves x Management Reserves
(21 Jun 2010)
In this podcast, Ricardo talks about the difference between the Contingency Reserve and the Management Reserves. He explains that both work with a financial protection for the project and that the management reserve is about the perception of the risks of the company.
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Importance of Monitoring and Controlling Risks
(20 Dec 2010)
In this podcast Ricardo discusses the importance of monitoring and controlling the risks. He says that the risks are "alive" and that monitoring is the only guarantee that the response will be really effective.
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How Different People See the Risk in Different Ways
(25 Jan 2011)
In this podcast, Ricardo explains that the degree of risk exposure is the composition of the impact and severity of risk and that the definition of degree as high, medium or low involves the experience, culture, fears and emotions of those who are evaluating. He gives some tips on how to assess risk in an impartial manner.
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What is Possible to Learn in Risk Management from the Tragedy in Japan
(21 Mar 2011)
In this podcast, Ricardo talks about the earthquake and tsunami occurred in Japan with regards to project risk management. He explains that any given risk has a probability greater than zero and less than 100%.
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The risk of pricing a project without Scope
(06 Jun 2011)
In this podcast, Ricardo talks about the difference between cost and price of the project and gives some tips to put the price on the project. He explains that it is often important to divide the project into two - the first to define the scope and the second based on the scope, to detail the other design needs.
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Differentiating Workaround, Contingency and Fallback Plans in the Risk Acceptance
(09 Nov 2011)
In this podcast, Ricardo talks about workaround, contingency and fallback plans - risk's responses. He explains each type of response and gives examples of use of these responses.
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Do You Know the International Risk Governance Council (IRGC)?
(30 Jan 2012)
In this podcast, Ricardo talks about the framework created by the IRGC and explains the five steps in this framework. He explains that this model clarifies the various perspectives of risk and it is similar to the risk management knowledge area of PMBOK.
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Understand the Difference between Residual and Secondary Risks
(13 Feb 2012)
In this podcast, Ricardo talks about the difference between the secondary risk and residual risk. He explains that the secondary risk is generated as a side effect the implementation of a response. Residual risk is one that remains, even after implementing responses. Ricardo gives several examples for these two types of risks.
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Understanding the Risk Attitude
(03 Jun 2013)
In this podcast, Ricardo talks about people's different attitudes and profiles against the risks. He explains these attitudes and profiles by analyzing a chart in the book "Understanding And Managing Risk Attitude", by David Hillson. See Ricardo's brief review of the book here: https://www.ricardo-vargas.com/books/recommendations/75/ View the chart discussed in the podcast:
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Understanding the relation between the Scope size and the associated Risks
(22 Sep 2014)
In this podcast, Ricardo talks about the relationship between the risks and the project scope. Not just the clarity of the scope, but also its amplitude, contribute to the amount of risk that must be managed.
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World Economic Forum's Global Risk Report
(01 Feb 2016)
In this episode, Ricardo explains that the risks report produced by the World Economic Forum is a source of rich information about global risks and can help a lot in during a project risk management. Download the report at http://reports.weforum.org/global-risks-2016/
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How to Bring Your Project Back on Track
(22 May 2017)
In this episode, Ricardo gives 5 tips on how we can get a troublesome project back on track: • Seek support from the sponsor; … • Evaluate the scope; … • Deliver a minimum viable product (MVP); … • Rebuild the credibility and motivation of the team; … • Re-negotiate deadlines and costs with the sponsor and the client.
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Urgency and Trend: Two Additional Dimensions in Risk Assessment
(30 May 2018)
In this episode, Ricardo talks about two additional dimensions in risk assessment, going beyond traditional probability and impact. He gives examples of how the assessment of the urgency and the tendency of a risk can increase the quality of the risk mapping.
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5 Tips to plan and execute projects in chaotic environments: Understanding the concept of Antifragility
(07 Dec 2018)
In this episode, Ricardo addresses the current challenge of planning and executing projects in chaotic environments. He uses some of the concepts presented by Nassim Taleb in the book Antifragile to give you five tips to use in your projects today: developing options, proactivity and paranoia, flexibility, having your skin in the game, and getting energy out of failures.
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Bowtie Method to Evaluate Risks
(06 Oct 2020)
This week, Ricardo talks about the evaluation of risks using the Bowtie method. The method has its roots in the oil and gas industry, but it is used today in several areas to visualize the event, the threats that could trigger the risk and its consequences. After evaluating the threats and consequences, the team should work together to identify barriers that they can implement to avoid or mitigate the threat or impact.
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5 Tips to Minimize the Challenges of Virtual Meetings
(02 Mar 2021)
In this week's episode, Ricardo gives tips for optimizing virtual meetings. As everyone knows, this type of arrangement has become a "nightmare" for many. Endless hours in front of a small screen have become a torment for productivity and performance. There are 5 simple tips that are much more related to discipline and behavior than to any type of technology.
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IT Projects May Be Riskier than You Think
(20 Sep 2021)
In this week's episode, Ricardo talks about the risks that can be associated with technology projects. He explains that the approach to managing technology projects, where releases are delivered faster and more frequently, can allow aspects that are not thoroughly thought out and validated to produce security flaws, risks, and even use and encouragement of unexpected behavior when used.
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