Project Management

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.

This video is all about AI in Project Management Ricardo Vargas shares six direct applications of Artificial Intelligence and how the impact the work of project teams.

In this video, Ricardo explains in detail how to calculate the critical path. It explains with examples how to calculate the forward pass and the backward pass, as well as the free and total floats.

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 week's episode, Ricardo talks about moral hazards. He exemplifies the recent collapse of the North American financial system when the Silicon Valley Bank closed its doors. From then on, a debate arose about the extent to which the government should interfere, with the emergence of moral hazard, because if the government helps, other banks will also have this right.

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.

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).

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 shares a personal experience where he can see project management happening naturally as part of life. He made lunch at the weekend to celebrate a friend's birthday. Without even realizing it, Ricardo prepared the list of ingredients and made a mental plan of what resources he would need, how long each item would last in the oven, etc. Important to note that lunch was not for two people. It was for more than 20 people.

This week, Ricardo discusses the PESTLE technique, which is used to assess the external factors: political, economic, social, technological, legal, and environmental, that may have an impact on a project or business.

How many times we were faced with a challenge to decide in our personal life? Follow Ricardo Vargas on a journey to use a mathematical model to select the best house for you to buy. AHP is one of the most reliable tools for you to improve your decision making and apply it on your work and daily life. Created by Thomas Saaty, AHP is considered today the best approach to remove bias and increase your assertiveness in making decisions.

In this week's episode, Ricardo talks about the flexibility people are looking for today to work from home or in the office. Following the pandemic, the relationship between employers and workers shifted, and employees now demand more freedom in their daily work lives. Having the option to work from wherever you like can help some people strike a better balance between their professional and personal lives, which in turn can boost productivity.

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.

nformal discussion with Terri Knudson, Senior Director, Strategy Management Services of Mayo Clinic and Luca Gambini, Senior Director Business Program Management of Sunrise. The webinar will discuss the future of project management and their case study featured on the book PM Next Generation, published by Wiley.