Since 2007, Ricardo Vargas has been publishing the 5 Minutes Podcast, where he addresses in a quick and practical way the main topics on project management, business agility, risk and crisis management, among other topics.
This week Ricardo shares a personal experience where he can see project management happening naturally as part of life. He made lunch at the weekend to celebrate a friend's birthday. Without even realizing it, Ricardo prepared the list of ingredients and made a mental plan of what resources he would need, how long each item would last in the oven, etc. Important to note that lunch was not for two people. It was for more than 20 people.
This week, Ricardo discusses three prominent businesspeople whose incoherent actions hurt those who had put their faith in their ideas: Elizabeth Homes of Theranos, Sam Bankman-Fried of FTX, and Elon Musk of Twitter. These persons share many characteristics, including a remarkable charm that has garnered them widespread adulation and the impression that they possess superhuman abilities.
This week, Ricardo discusses TRL, or the Technology Readiness Level, a method developed by NASA in the 1970s to ensure the reliability and safety of the technology they used in their projects. In terms of safety, the higher the TRL number, the more developed the technology is. All the things that come at the outset of studying a new technology—empirical research, a scientific concept, an article, an idea, etc.—are related to the first 3 stages.
This week, Ricardo discusses the PESTLE technique, which is used to assess the external factors: political, economic, social, technological, legal, and environmental, that may have an impact on a project or business.
This week, Ricardo discusses decision-making processes in the context of projects, the "governance" component of the environmental, social, and governance (ESG) acronym. He explains that knowledge of governance, the organizational framework used to oversee projects, is crucial for effective decision-making. This structure and processes are used to make decisions about approving changes and planning the next steps based on project findings.
Why the Fear of Being Left Out (FOMO) Is So Dangerous for You and Your Projects … This week, Ricardo talks about FOMO, or "Fear of missing out," which is the anxiety we have when we don't feel included in a specific scenario, causing us to feel unmotivated and have low self-esteem. New technologies, cryptocurrencies, the metaverse, and artificial intelligence are just examples that can make us feel out of date and like we are falling behind.
In this week's episode, Ricardo talks about the flexibility people are looking for today to work from home or in the office. Following the pandemic, the relationship between employers and workers shifted, and employees now demand more freedom in their daily work lives. Having the option to work from wherever you like can help some people strike a better balance between their professional and personal lives, which in turn can boost productivity.
In this week’s podcast, Ricardo discusses DAO (short for "Decentralized Autonomous Organizations") Decisions on DAO platforms are made collectively, like in a real-world cooperative, with input from all members. With DAO, says Ricardo, we may not need a project manager, scrum master, or product owner … to oversee our projects in the future.
In this week's podcast, Ricardo addresses the topic “Economy of Attention”. He says that a product is made to meet a market need, and the greater the demand, the higher the price of the product. However, as large amounts of data and actions we must manage make attention an invaluable presentation. There are many things vying for our focus at any given time, including work, employees, social media, and electronics.
In this week's episode, Ricardo talks about the relationship between the concepts of BANI and VUCA. The acronym VUCA for "volatile," "uncertainly," "complex," and "ambiguous" has its origins in the American army during the cold war and sought to explain the constant changes and complexity of contemporary entities, which alter our perception of what is right and what is wrong.
Read Ricardo's reviews of some of the best technical books published.
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