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Hello everybody welcome to the five minutes BM Podcast as I do every year; when it's close to the Hello is the beginning of the new year. I always like to do a retrospective of the year that is coming to an end and also play to look to the future, to look at 2016 and try to understand; of course, I'm recording this in English, but I do. I also record in Brazil in Porteous. And of course, the scenario of in Brazil is it likely different from other parts of the world?
So I'm recording this podcast in a more generic because maybe 2015 was a great year for some countries, but not so great ear for orders. The first thing I want to tell you is that the volatility came to stay. So the concept of having projects cancelled, having things changing, having a Brit is low in some economies, became a part of the game, became part of the game.
So the oldest instability is part of it out of the game, all of the corporations, and everybody must like or not play and all this way. Volatility becomes a key driver for a mechanism of panic and aversion to risk. So what I could see this year, it's a lot of the kind of group effect where everybody starts to take in a position sharply. And then, at the same time, everybody moves to another position.
This is the perfect example of panic. So it's something like, do you believe that if something will happen, then you just cut the project and then start taking the decisions based on just a perception or based on the news you have on the TV. It's very, very important that you understand that all this volatility and instability increase dramatically, our sensibility to perceive what is the real, real risks in our projects.
And what do I see for the future? If I can share with you? My, my perception, yeah. Is that this volatility, this instability will continue to be in place. Normally forcing people to sometimes, you know, burn trees to make food. And then in the future, not have any three anymore in that place. So this kind of very short term mentality, it's very, very important that in this, in a stable environment, we need to have peace of mind to understand where are the real risks are and where are the real opportunities are?
Many times, if we don't see that it's a stock market, you see this one volatility happening dramatically in people do not know what about the substance of that change in the product, the environment, this could hurt your organization dramatically. So when I talk about Fort and long term, when do you see a crisis in your project, you need to stop and start thinking about why I'm so constrained it's because my company is facing deep challenges in a way the very short term means my company will run out of cash.
Mike, the money is losing dramatically do opportunity's in the marketing and facing it, eminent, bankruptcy, that speed becomes critical. And then you cry out to save what you can see. Yeah. I wrote an article a couple of years ago to talk about it, but then, in the order case is we need it. Do you understand that may be the crisis may be the volatility, and the challenge is not immediate for tomorrow, but for you to take a while to happen, maybe your product will face some challenges to continue in the market and maybe, you need to revisit?
And why I'm saying these two environment, because the two of them required like different courses. And if you say, okay, I am in the last year of engineering, but I know that engineering is not a good thing for fashion. Let's think this has very simple, and then you just stop studying and then you lose four years and a half of study. So you need to understand them a little bit better the scenario because maybe it's a little bit better that you wait a little bit to get a degree, and then you can work in something else, but at least with the degree, you don't lose everything.
So it's very, very important. Do you understand that? And yeah. And to have this piece of mind, peace of mind does not mean B is low. It's two very different things. I'm not saying that being low is to have peace of mind. Piece of mind is to have the right sense, the right understanding of where you should cut the scope of your project and how you should take the best course of action. If you do not do that, you will put everything at risk.
Think about those four this year because this volatility doesn't stable. The news about all the countries, reducing their growth, increasing their growth or opportunities happening war peace. This is part of what we do, and we will always be subject to that. What we'll make a difference is our piece of mind to take the right course of action. And I'm saying this for those who are employed as a project manager, handling projects and facing the challenge, and also for those who are unemployed today, and looking for an opportunity, if I can give you advice to you, is that take the piece of mind, not little bit piece of mind to look for what is the best of course of action four.
You do not make a resolution. I just, because you want to stop the fight because maybe you stop the fire by throwing water in all of your it system because one hard disk burned it. And then you destroy all of that off your data centre with water. Think about that. I think about that to have the peace of mind, to think, and to reflect act on what is the best course of action before you start, like crazy change in your career, change in your career path.
And then regretting about that ten years ahead to think about that. I wish you a fantastic 2016, a very peaceful year for all of you with great projects because in crisis or in development is where project management and project managers can make a real difference. Happy new year two, all of you are with a lot of five minutes being Podcast in the future.
