Strategy

In this podcast, Ricardo talks about the common problem of project backlogs that grow instead of shrinking. He offers three practical tips for managing them effectively: (1) Accept that your backlog will never be empty. (2) Prioritize tasks through “radical prioritization,” focusing only on what really matters and delegating or discarding the rest.

In this episode, Ricardo discusses the virtuous cycle in AI development, based on Andrew Ng's Coursera course, "AI for Everyone," and highlights the importance of creating AI projects that intersect with business value. Ricardo explains that more data improves algorithms and services, attracting more users, which generates more data and creates a virtuous cycle, leading to some companies dominating AI due to their vast data resources.

In this episode, Ricardo talks about the importance of understanding the political aspects of project management. Effective project delivery isn't just about planning, budgeting, risk analysis, or stakeholder management; it requires the management of human interactions and political dynamics. Ricardo gives four main tips:

In this episode of the 5 Minutes Podcast, Ricardo discusses the crucial balance between exploration and exploitation in the context of AI and business. Exploration involves researching and innovating, similar to analyzing multiple doors to understand the best option. However, at some point, organizations must shift to exploitation, applying their findings to achieve efficiency and profitability.

In this episode, Ricardo talks about "management by exception" in PRINCE2 methodology, which encourages communication and action only in exceptional cases, saving time on routine updates. As an example, meetings are only called when there is a significant delay, a cost overrun, or a risk that is about to happen. Teams can focus on project work when communication is streamlined.

In this 5 Minutes Podcast, Ricardo covers the necessity of recognizing triggers in project management and artificial intelligence. Triggers indicate patterns, risks, or occurrences before they happen. Ricardo uses analogies such as plane catastrophes and building collapses to illustrate the need to pay attention to signals and indicators.

In this episode, Ricardo discusses the Minimax Strategy, highlighting its role in decision-making under uncertainty. Instead of focusing on the technical aspects of the algorithm, he explores its philosophical underpinnings. He underscores how this approach aids in prioritizing risks that could inflict the most significant loss on a project.

Businesses are scrambling to signal compliance with ESG (environmental, social, and governance principles). However, as ESG entrenched itself in the mainstream, it lost much of its original meaning and impact and became more of a marketing tool. Ricardo Vargas writes that the problem may lie in the decoupling of the ‘social’ and ‘governance’ components from ‘environmental’ concerns. He uses the example of a project to rebuild homes in Haiti after the 2010 earthquake to show how all three ESG components can work together. 

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”.

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.

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.

Ricardo Vargas, in partnership with Dr. Harold Kerzner and Dr. Al Zeitoun his new publication: Project Management Next Generation: The Pillars for Organizational Excellence. In the book, a team of world-renowned project management leaders delivers an expert discussion on project management implementation in organizations of all kinds.

The book explores 10 pillars of project management that will be critical for companies in the coming decade. It offers contributions from industry changemakers and thought leaders that provide the perfect balance between practical experience across a variety of programs, projects, and transformation initiatives.

In this week's episode, Ricardo talks about the latest news published in the press about the streaming service Netflix, which, upon announcing the first reduction in the number of subscribers to the platform in the last ten years, suffered a devastating drop in the value of its shares. Netflix's value dropped from more than 300 billion dollars at the end of 2020 to 89 billion after the announcement.

This episode is the last #5minpodcast of 2021. This week Ricardo shares five key lessons he learned about 2021 that are paving his way to 2022 and can also help you make a better 2022. He also made a LinkedIn article with a few things that are keeping him awake at night. You can read it in full at https://rvarg.as/lookingback. Listen to the podcast to learn more.