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 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.
Faced with this week's events with Russia's invasion of Ukraine, Ricardo had decided not to record any new episode this week. However, today he decided to record a different episode, talking about empathy and support in uncertain times like the current ones. In this week's episode, he talks about the importance of understanding that reality has changed and that there is no perspective on how the subsequent events will unfold.
In this week's episode, Ricardo talks about the potential applications of artificial intelligence in projects and compares the different impacts and implementation complexity of each of them. He comments that a project that is self-managed in all dimensions by Artificial Intelligence will have a tremendous impact on both the people involved in the project and the project itself.
In this week's episode, Ricardo talks about the moment to get out of a certain situation and discusses three essential points based on the book "Quit" by Annie Duke. People are socialized to believe that staying in a harmful situation is a virtue, so the idea of stopping what is toxic, whether professionally or personally, is often seen as a negative choice and a demonstration of fragility.
In this week's episode, Ricardo talks about the Gallup - State of the Global Workspace 2022 report. This report is the result of an interview with people around the world and shows the level of stress, motivation, and engagement of people working in companies. According to the report, 60% of people interviewed consider themselves disconnected from work. And to make matters worse, 19% are actively disengaged.
In this week's episode, Ricardo talks about the exponential growth of problems in the project. He explains with several examples what exponential growth is, such as the behaviour of social networks when a post is shared with ten people and that each one will share with another ten people. So on, the number of views has a massive growth. We often rely on intuition to make a future prediction, imagining linearity.
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 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 episode, Ricardo talks about Forensic Planning, explaining that this is an area of Project Management widely used for claims, litigation, and lawsuits. Often in capital projects or large projects, delays and other types of disruption happen when parties disagree on which side is responsible. This type of work attempts to assess and support the parties in the solution and identify the root cause of the problem.
This week, Ricardo discusses the holacratic model in the context of businesses and projects. Organizations following the holacratic model are self-managed and self-organized; there is no manager, and duties are distributed horizontally. In this framework, individuals and groups are empowered by a shared sense of mission and accountability, leading to greater flexibility.
Read Ricardo's reviews of some of the best technical books published.
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