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 episode, Ricardo talks about trust as a critical component to getting things done. He mentions that trust is not just a nice and politically correct word. Citing an HBR article, Ricardo says that trust increases productivity by 50%, engagement by 76%, and energy at work by 106%. Ricardo also shares three tips for developing trust among your teams:safety, consistency, and honesty. Listen to the episode to learn more.
A new Podcast is on the air and this week Ricardo discusses how our work and personal relationships tend to feed back into our perspective and set of implications. In the last Newsletter he published, Ricardo spoke about an event that was introduced to me by a great friend, Burning Man. Ricardo went to Burning Man this month looking for something “out of the box”.
In this week's podcast, Ricardo discusses some common mistakes that can be made when making decisions in various contexts, such as a project. Our decision may have positive and negative consequences depending on the circumstances because we may have to sacrifice to achieve our objectives. To avoid errors, we must first understand the relationship between the decision and its outcomes (a good result does not always mean a good decision).
In this episode, Ricardo discusses the broader context of AI in sustainability. While environmental sustainability is often the focus, Ricardo emphasizes the importance of social, environmental, and economic sustainability. He draws an analogy with the project management triangle (scope, time, cost) and introduces the "three C's": complexity, cost, and carbon.
Ricardo talks about the predictions we make for our projects and initiatives in this week's episode. He explains that we frequently have an illusion of control and that the perception of future reality is significantly more complicated than reality itself. Professor Philip Tetlock found that only 45 percent of almost 30,000 predictions made by various professionals were accurate.
In this episode, Ricardo discusses the tragedy of the Titan Submersible, highlighting what we can learn from this deep-sea catastrophe. He discusses the inherent complexities of oceanic exploration and their implications on project management, using the submersible's story as a case study.
In this episode, Ricardo focuses on the Big Five Personality traits and their application in project management. The Big Five outlines five personality dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism. Each of these traits could influence individual performance on different types of projects.
This week on the podcast, Ricardo discusses Little's Law. The formula created by MIT Professor John Little for productive processes involving Lean and Six Sigma has applicability in project management, particularly in agile projects that use Kanban and Scrum boards.
In this week's podcast, Ricardo talks about the future of PMOs in an AI-dominated world. He explores the fundamental question: Can Project Management Offices (PMOs) stay relevant in the age of AI? AI will change the work we all do inside PMOs. AI could take over tasks like making reports or sorting out data. But Ricardo sees a bright side.
In this episode, Ricardo goes deeper into the importance of understanding burnout. In a very personal and reflective approach, Ricardo shares his own experience with burnout in recent weeks. His stories and insights offer an intimate look at a struggle several people face in silence.
Read Ricardo's reviews of some of the best technical books published.
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