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.
In this week's episode, Ricardo talks about the Law of Diminishing Returns applied to the effort we make to manage projects. We often doubt how much management is worth, and we try to simplify management as much as possible to avoid bureaucracy when we spend a lot of time in meetings or filling out documents and templates without reaching any results.
In this week's episode, Ricardo talks about Project Management in Agribusiness. He explains how we can apply project management in this segment, which is so different for many of us. Ricardo comments that agribusiness is transforming as powerful as the technology area, using digitalization, georeferencing e technology, and project to select crops that will be used in this area.
In this week's episode, Ricardo addresses the risks of the Diderot Effect. For many, this effect is directly related to consumption bias. However, it is perfectly applied also when we add something to our project, and that something triggers a series of new features causing control to be completely lost. This effect impacts budget, deadlines, and team, among many other factors.
In this week's episode, Ricardo addresses the Passion Economy. There is a "passion economy" when you make money doing something you enjoy. The biggest illustration of this notion is the digital influencer, who may share information, expertise, and insights about a topic they find fascinating and monetize the content through a YouTube or TikTok channel, for example. However, the process is not as simple as most people believe.
In this week's episode, Ricardo talks about the difficulty faced by those overqualified for a given position. When a company creates a position for a new team member and receives a resume with qualifications much in excess of those needed, this CV is most likely not going to be chosen.
This week Ricardo discusses the impact of inflation on the project risks. In the past, countries with weak economies were more likely to experience inflation; however, today, countries with stronger economies, like those in Europe, are experiencing relevant impacts of inflation. The ability to complete projects may be heavily impacted by inflation, which presents a significant issue for project managers.
In this week's episode, Ricardo talks about the connection between Chaotic Systems and the behavior of risks in the project. Chaotic systems are highly disordered and unpredictable, where minor changes in initial parameters cause drastic changes in the future. Consider the global shipping crisis.
This week, Ricardo discusses using "Squads" within projects and gives tips on building and sustaining effective teams. The modern use of the term "Squad" in project management can be traced back to a military concept in which a multidisciplinary team acts independently to complete a series of missions.
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.
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.
Read Ricardo's reviews of some of the best technical books published.
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