Technology has begun to transform how organizations deliver projects, and rapid change lies ahead. What role will leaders play when AI is deployed in project management?
While AI is not yet a standard tool in the world of projects and project management, there is no doubt that it will disrupt this discipline, and probably faster than we expect. The prospect of that transformation seems almost incredible: in most organizations the tools used to manage projects remain relatively basic compared to the sophisticated digital technology being deployed in other parts of business. Most projects are still managed with Microsoft Office tools, such as Excel and PowerPoint. Can you imagine running your business and operations with spreadsheets? Well, that reflects how little technology has evolved in project management.
In this episode, Ricardo explores the practical facets of Bayesian thinking, demonstrating how previous events and knowledge can reshape our evaluation of future risks. In his discussion, he avoids complex formulas, highlighting the theorem's real-world implications. He also underscores the significance of 'triggers,' events or facts that provide additional information, refining our grasp of probabilities.
In this thought-provoking episode of the podcast, Ricardo explores the possibility of AI surpassing human intelligence and developing emotions to the point where it has a soul and feelings, as the philosopher Nick Bostrom proposed in his Big Think video. With such advancements in AI, it begs the question: will we need to consider "AI Rights" similar to "Human Rights"?
In this week's episode, Ricardo discusses the rapid emergence of new AI applications on the market. According to one of the most prominent AI Twitter feeds @heybarsee, over 360 new AI applications have been developed in the past seven days. Ricardo argues that the proliferation of technologies employing artificial intelligence is inevitable. However, he also poses the following question:
Join Antonio Nieto-Rodriguez and Ricardo Vargas on a informal conversation about their featured article on Harvard Business Review about artificial intelligence and other project management technologies.
This week, Ricardo talks about the difficulties inherent in presenting a new product to the consumer. As an example, he mentions the recent launch of the artificial intelligence tool Google Bard, which is a competitor to ChatGPT. Incorrect information was provided in response to a child's question to the James Webb Telescope.
To help us cope with anxiety, Ricardo discusses a technique he learned from Nick Trenton's book "Stop Overthinking": the 5,4,3,2,1 method. Every day brings new challenges, and it's easy to get caught up in a never-ending cycle of panic and worry about the potential dangers to our work and projects. The method is based on counting down from five to one; at each stage, we focus on a different sense in order to locate ourselves in the here and now.
Only 35% of projects today are completed successfully. One reason for this disappointing rate is the low level of maturity of technologies available for project management. This is about to change. Researchers, startups, and innovating organizations, are beginning to apply AI, machine learning, and other advanced technologies to project management, and by 2030 the field will undergo major shifts. Technology will soon improve project selection and prioritization, monitor progress, speed up reporting, and facilitate testing. Project managers, aided by virtual project assistants, will find their roles more focused on coaching and stakeholder management than on administration and manual tasks. The author show how organizations that want to reap the benefits of project management technologies should begin today by gathering and cleaning project data, preparing their people, and dedicating the resources necessary to drive this transformation.
This week, Ricardo discusses the 18th edition of the Global Risk Report, published annually by the World Economic Forum. This report presents a ranking of global risks and threats, both short-term and long-term. From an operational standpoint, the project or initiatives we are working on can be severely impacted by events that happen far away. Ricardo draws a parallel between the positioning of our project from the global perspective.
FULLY GENERATED BY ChatGPT with the transcript of the episode. NOTHING CHANGED FROM THE OUTCOME. This episode of the "5 Minutes Podcast with Ricardo Vargas" discusses chat GPT (Generative Pre-training Transformer), a tool that can generate natural language and improve various aspects of project management, including reporting, decision-making, and reducing workload.
This week, Ricardo talks about the PMI Summit 2022 in Las Vegas, the world's premier project management conference. He talks about the energy of being with thousands of people and networking opportunities. Keynote speaker Amy Webb discussed emerging trends in project management in her opening address to the congress. While giving her presentation, Amy Webb brought up the following points:
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 the last 20 or 30 years, project management has taken on a vast proportion, and a good part of the population works, even if they don't know it, in some way with projects. So why do people see the world for projects as a threat? What are the misunderstandings? Let's talk about how I see project management and how to support future generations to work in a different world, a world by projects. Listen to the Podcast to learn more.