Risk Management

69 pages were found with this tag.

Podcasts

What We Can Learn from Elizabeth Holmes (Theranos), Sam Bankman-Fried (FTX) and Elon Musk (Twitter)

This week, Ricardo discusses three prominent businesspeople whose incoherent actions hurt those who had put their faith in their ideas: Elizabeth Homes of Theranos, Sam Bankman-Fried of FTX, and Elon Musk of Twitter. These persons share many characteristics, including a remarkable charm that has garnered them widespread adulation and the impression that they possess superhuman abilities.

Podcasts

Using Technology Readiness Level to Evaluate New Technology Risks

This week, Ricardo discusses TRL, or the Technology Readiness Level, a method developed by NASA in the 1970s to ensure the reliability and safety of the technology they used in their projects. In terms of safety, the higher the TRL number, the more developed the technology is. All the things that come at the outset of studying a new technology—empirical research, a scientific concept, an article, an idea, etc.—are related to the first 3 stages.

Articles

Beyond Resilience: Leaders Must Urgently Embrace Antifragility

In 1968, the government of the Manitoba— a medium-sized province located at the geographic center of Canada—completed what was, at that time, one of the great engineering marvels of the developed world: the Red River Floodway.

The floodway is a 47-kilometer-long earthen channel used to divert surging water from the notoriously flood-prone Red River around the City of Winnipeg (Manitoba’s capital). The idea for the channel was first proposed by a government commission following the devastating flood of 1950 that completely submerged Winnipeg, requiring more than 100,000 people to be evacuated and causing damage that would amount to, in 2022 dollars, more than CA$11 billion. Even though the benefits were many, most political leaders shied away from the project. Most, but not all.

Book cover
Books

Building Resilient Organizations

Building Resilient Organizations - Best Practices, Tools, and Insights to Thrive in Ever Changing Contexts is another book of the serie that Brightline™ Initiative has produced in partnership with Thinkers50 .

In our tumultuous times, understanding and achieving resilience have never been more important. Some organizations have resilience in their DNA and the book is focused on identifying what sets these enterprises apart, exploring the nature of resilience for organizations. Ricardo Vargas was one of the participants, he wrote the chapter “Beyond Resilience: Leaders Must Urgently Embrace Antifragility”.

Podcasts

The Relevance of the Right Project Governance

This week, Ricardo discusses decision-making processes in the context of projects, the "governance" component of the environmental, social, and governance (ESG) acronym. He explains that knowledge of governance, the organizational framework used to oversee projects, is crucial for effective decision-making. This structure and processes are used to make decisions about approving changes and planning the next steps based on project findings.

Podcasts

Why Fear of Missing Out (FOMO) Is So Dangerous for You and Your Projects

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.

Videos

Identifying Problems Using "5 Whys”

Five whys (or 5 whys) is an iterative interrogative technique used to explore the cause-and-effect relationships underlying a particular problem. The technique laid out by Taiichi Ohno is to ask "Why?" exactly five times, to find exactly one root cause. (Wikipedia).

Podcasts

Three Tips To Mitigate Inflation Risks in Your Project

This week Ricardo discusses the impact of inflation on the project risks. In the past, countries with weak economies were more likely to experience inflation; however, today, countries with stronger economies, like those in Europe, are experiencing relevant impacts of inflation. The ability to complete projects may be heavily impacted by inflation, which presents a significant issue for project managers.

Podcasts

Benefits and Drawbacks of the Passion Economy

In this week's episode, Ricardo addresses the Passion Economy. There is a "passion economy" when you make money doing something you enjoy. The biggest illustration of this notion is the digital influencer, who may share information, expertise, and insights about a topic they find fascinating and monetize the content through a YouTube or TikTok channel, for example. However, the process is not as simple as most people believe.

Podcasts

Antifragile: Why Being Able to Gain from Disorder is Key to Succeed Nowadays? – Part 2/2

In this week's episode, Ricardo returns to the concept of Antifragile, presented by Nicholas Taleb in his book, where Taleb stated that the antifragile "is not necessarily the opposite of fragile" but "what improves with shock." Ricardo talks about making the different types of systems antifragile, systems that can be you, your career, or your company. He complements the concept and outlines the five steps from fragile to antifragile.

Podcasts

Antifragile: Why Being Able to Gain from Disorder is Key to Succeed Nowadays? - Part 1/2

In this week's episode, Ricardo talks about the concept of Antifragile, presented by Nicholas Taleb in his book. To better explain it, Ricardo explains the meaning of being "fragile" and "robust," where "robust" is not necessarily the opposite of fragile. Robust refers to the ability to resist shock and is not necessarily improved by shock. What improves with shock is Antifragile. And what you gain from stress.