How to Make and Live with Imperfect Decisions in Projects

Ricardo recorded this special 5 Minutes Podcast from SXSW in Austin, Texas, where he explores AI and technology trends in project management. Key insights include small language models optimized for specific tasks, biotech integrating neuron cells into computing, AI’s influence on human behavior, and vibe coding, which allows users to build software through voice commands in minutes. He highlights the disruptive speed of AI-driven development and its profound impact on project management. Ricardo describes these innovations as mind-blowing and closer to reality than expected, promising a follow-up episode with more insights from the conference. Listen to the podcast to learn more!

In this episode, Ricardo discusses excessive complaining in project management, explaining that it hinders progress. He highlights the need to shift from frustration to action and shares three strategies: Reverse Standups, The Two-Minute Rule, and No-Blame Hackathons. He emphasizes that projects are inherently difficult, requiring methodologies and tools, and that complaining alone accomplishes nothing. Instead, focus on solutions that lead to real progress. His main message is clear: stop complaining and take action. He concludes by encouraging listeners to adopt this mindset. Listen to the podcast to learn more!

In this episode, Ricardo discusses the importance of effective feedback in project management, emphasizing that poor feedback can be harmful. He highlights common mistakes like vague, generic, or poorly timed feedback. Ricardo advocates for the SBI technique (Situation, Behavior, Impact) to provide clear and constructive feedback, focusing on the situation, what happened, and its impact. He warns against using feedback as a tool for personal attacks and stresses its role in fostering a culture of learning. Ricardo also encourages receiving feedback openly, learning from it, and ignoring unconstructive criticism. Proper feedback improves team performance and project outcomes. Listen to the podcast to learn more!

In this episode, Ricardo discusses how to manage projects in chaos, inspired by a conversation with Oleg Konovalov. He highlights how noise distorts reality, making it crucial to see beyond immediate challenges. To navigate the chaos, he shares four key tips: 1) Embrace uncertainty, 2) Prioritize ruthlessly, 3) Stay agile, 4) Overcommunicate, and 5) Keep calm. These principles help project managers stay focused and resilient. Instead of trying to eliminate chaos, the key is to adapt and work within it. Tune in to the podcast to learn more!

In this podcast, Ricardo discusses how many project failures are due not to technical issues, budgets, or deadlines but to weak project sponsorship. A senior sponsor is not enough if they are disengaged or unaware of the project’s progress. Sponsors are crucial to solving complex problems and providing executive support. Changes in sponsorship often introduce new risks, as new sponsors bring different priorities and behaviors. To mitigate these risks, Ricardo advises tracking sponsor engagement, identifying early warning signs, and delivering projects in smaller, faster phases to reduce volatility. He discusses the importance of proactive risk management and adaptability in such situations. Tune in to the podcast to learn more!

In this podcast, Ricardo talks about the importance of what-if analysis in navigating volatile scenarios, such as geopolitical changes or unexpected project disruptions. By anticipating potential challenges—like new taxes, supply chain issues, or key team members leaving—project managers can develop contingency plans to adapt quickly. Ricardo highlights that dismissing unlikely scenarios can be dangerous, as even improbable events can occur. He stresses reducing project lifecycles to minimize exposure to volatility and using what-if scenarios to stay prepared. Ultimately, adaptability and proactive planning are essential for managing projects in uncertain environments. Tune in to the podcast to learn more!

In this episode, Ricardo talks about DeepSeek, a groundbreaking AI application from a small Chinese startup. Unlike other AI models, DeepSeek was trained for just $5.7M—far less than OpenAI’s $100M+ investments—yet it rivals top models like OpenAI’s O1. This breakthrough could disrupt the AI industry, enabling smaller companies to develop advanced models without massive infrastructure. The news has already impacted major tech stocks, including Nvidia and Microsoft. If DeepSeek’s claims hold true, AI accessibility will skyrocket, reshaping project management and beyond. Ricardo urges listeners to explore DeepSeek and stay alert to its potential impact. Tune in to the podcast to learn more!

In this episode, Ricardo discusses the World Economic Forum’s Global Risks Report 2025. Released annually, this report highlights the most pressing global challenges and trends, shaping discussions at Davos and significantly influencing project management worldwide. Ricardo examines the top risks for 2025, such as armed conflicts, extreme weather events, and the rise of misinformation, while comparing them to previous years' findings. He also explores how these risks directly impact project management, emphasizing the growing importance of agile strategies, sustainability, and effective risk mitigation practices. This episode is a must-listen if you’re a professional aiming to stay ahead of global shifts. Join Ricardo to discover how to align your projects with the trends that will shape the future. Tune in to the podcast to learn more! See the report at this link: https://www.weforum.org/publications/global-risks-report-2025/

In this episode of the #5minpodcast, Ricardo discusses a challenge every project manager faces: making and living with imperfect decisions. He explains that critical project decisions are often open-ended and filled with uncertainty, unlike the straightforwardness of mathematical problems. Ricardo shares three practical tips he uses to navigate complex, high-stakes scenarios, helping project managers embrace uncertainty and turn imperfect decisions into opportunities. Listen to the podcast to know more.

Ricardo kicks off the first 5 Minutes Podcast of 2025 with five priorities for project managers to focus on for personal and professional growth. He encourages continuous education, attending impactful events, learning AI, exploring projects outside one's expertise, and strengthening soft skills like crisis management and conflict resolution. Ricardo emphasizes the importance of lifelong learning and adapting to evolving challenges. He closes by wishing listeners a fantastic year and inviting them to join him weekly for insights and guidance. Listen to the podcast to know more.