Risk

The WEF just published the Global Risk Report 2021. In its 16th edition, the report addresses the significant global risks like war, natural disasters, infectious diseases, and several other events and hazards that could jeopardize companies and governments' operations. In this episode, Ricardo highlights the report's main finds and goes back to 2020 to see how the landscape changed with the COVID-19 pandemia.

In this week’s episode, Ricardo introduces the concept of ROAM Risk (Resolved, Owned, Accepted, Mitigated / Minimized). The process of traversing (ROAMing) risks is a quick way to categorize and act on the relevant risks. This process is widely adopted in agile models such as SAFe (Scaled Agile Framework), mainly during the planning of increments or PI Planning.

In this episode, Ricardo talks about two additional dimensions in risk assessment, going beyond traditional probability and impact. He gives examples of how the assessment of the urgency and the tendency of a risk can increase the quality of the risk mapping.

In this episode, Ricardo talks about one of the most effective forms for displaying graphical information, the Heat Map. He explains how you can use this tool to improve your project’s communication when creating reports such as the risk map and the stakeholders analysis.

In this podcast, Ricardo talks about the relationship between the risks and the project scope. Not just the clarity of the scope, but also its amplitude, contribute to the amount of risk that must be managed.

In this podcast, Ricardo talks about the types of contracts of the International Federation of Consulting Engineers (FIDIC). These contracts are widely used in engineering projects and published as books. Ricardo explains that the contracts are well prepared, bringing best practices that can be applied to various types of projects. Visit the site of the federation at http://fidic.org/

In this podcast, Ricardo talks about the cultural differences within a project environment. He gives valuable tips on how the project manager must address the differences within his team, the sponsors and the stakeholders and can thus create an effective communication process, based on respect and cultural integrity of all parties.

The objective of this paper is to propose a mathematical process to turn the results of a qualitative risk analysis into numeric indicators to support better decisions regarding risk response strategies.

The objective of this paper is to propose a mathematical process to turn the results of a qualitative risk analysis into numeric indicators to support better decisions regarding risk response strategies.

In this podcast, Ricardo talks about ego, vanity and jealousy in the project environment. He gives tips on how we can deal with these personal characteristics that may directly or indirectly affect the project.

In this podcast, Ricardo talks, from the project management perspective, about the impressive salvage operation of the Italian liner Costa Concordia which crashed into rocks and sank on January 13, 2012.

In this podcast, Ricardo talks about the concept of Rolling Wave Planning, which deals with the progressive elaboration of the project scope. He presents the pros and cons of this technique, giving answers to questions such as: "How do I get the detail work that will happen in the 2nd week of the 14th month in my project?"

In this podcast, Ricardo talks about people's different attitudes and profiles against the risks. He explains these attitudes and profiles by analyzing a chart in the book "Understanding And Managing Risk Attitude", by David Hillson. See Ricardo's brief review of the book here: https://www.ricardo-vargas.com/books/recommendations/75/ View the chart discussed in the podcast:

In this podcast, Ricardo talks about the tragedy at the nightclub Kiss in Santa Maria, Brazil. From the viewpoint of project and risk management, Ricardo raises points and makes us think, so that accidents like this never happen again.