Since 2007, Ricardo Vargas publishes the 5 Minutes Podcast where he addresses in a quick and practical way the main topics on project, portfolio and risk management.
Why We Must Pay Attention to the Great Resignation In Our Projects
8:24In this week's episode, Ricardo talks about "The Great Resignation", a term created by Anthony Klotz, a professor at the University of Texas, A&M University. He explains that in the first few months of this year, 4.3 million people resigned in the United States. This phenomenon is not unique to the US. It is happening worldwide. Ricardo comments on the influence of the pandemic on this behavior and on four factors that lead people to resign. Finally, he addresses the challenges for both the professional leaving work and the company and managers who need to create value to attract the professionals they need to deliver projects. Listen to the podcast to learn more.
The Magic of Affinity Diagrams
4:59Ricardo talks about affinity diagrams in this week's episode and how this technique can help you and your team organize ideas. He explains that when structuring a process, the scope of a project, risks, and other ideas, we usually create groups and distribute information within these groups. We will think differently using the affinity diagrams; first, we will have the pictures and then group; it is like an EAP in reverse. Ricardo describes how creating the affinity diagrams should be done and the benefits of using this technique. Listen to the podcast to learn more.
How Fragile and Volatile are Businesses: The Facebook, Whatsapp, and Instagram Outage
6:10This week we return to the theme from a few weeks ago, how technology projects are riskier than most people imagined. Surprised by the paralysis of Facebook, Instagram, and Whatsapp, we were more than left out of communication. The damage caused throughout the world by the hours out of the air on these platforms is incalculable. What to learn from what happened? How to deal with this dependence on companies today? Listen to this week's Podcast to know more.
Why Self-knowledge Improves Your Projects Results: 3 Golden Tips
8:12In this week's episode, Ricardo talks about self-knowledge and how it can improve the results of your projects. He explains that when you are more aware of your strengths and weaknesses, you can adjust your project approach, assuring the project's success. He comments that if a person knows their weak points to carry out an activity, they will mitigate the project's risk by, for example, putting another professional with more knowledge on the subject to carry out the activity in question. Ricardo wraps up this week's episode by providing three tips for getting to know yourself better. Listen to the podcast to learn more.
IT Projects May Be Riskier than You Think
6:30In this week's episode, Ricardo talks about the risks that can be associated with technology projects. He explains that the approach to managing technology projects, where releases are delivered faster and more frequently, can allow aspects that are not thoroughly thought out and validated to produce security flaws, risks, and even use and encouragement of unexpected behavior when used. Ricardo comments that today we have incredibly complex and critical operations that can generate huge risks concerning fraud, cybercrime, invasion of privacy, Cyberbullying, and all kinds of unexpected results. Technology is advancing a lot and making life easier for everyone. However, as ease appears, the opportunity for wrong things to happen grows at about the same rate. Listen to the podcast to learn more.
The Legal Team is the Best Friend in Protecting Your Project and Your Organisation (Stewardship)
5:02In this week's episode, Ricardo talks about the legal aspects of project management. He explains that the project manager often may perceive that their work is being delayed due to the requirements of other areas, for example. Ricardo explains that these requirements are made to protect the project and, in the end, your organization. Often in the eagerness to do things quickly and be agile, the project manager generates future turbulence in which he/she is not prepared. The project exists as part of an organizational enterprise that continues to exist after the end of the project. There must be instruments that can protect both the supplier and the buyer, for example. If there is a different understanding regarding payment, delivery, guarantees, obligations, protection, and insurance, the solution will only be possible through the contracts made between the parties. Legal criteria exist to protect your organization, and it is your duty of care as a steward to protect and support the project and the company you work for.
Any Assessment is Irrelevant without a Reference
7:31In this week's episode, Ricardo talks about the importance of having clear criteria as a reference when we evaluate a project. He explains that people's perception is different, and if we create a personal reference, it will have a different interpretation. Ricardo shows many examples of not explicit references, and besides that, the evaluation for these criteria will generate ambiguity. He also shows examples of detailed references.
Conflict of Interest and the Impact in your Project: 5 Ethical Principles to Be a Great Steward
5:48In this week's episode, Ricardo explains what conflicts of interest are. He also shows some examples where decision-making based on personal interest can harm the project, the organization, and other project stakeholders. He also presents the 5 ethical principles (based on the Harvard Program on Negotiation) that must be considered in project decisions to avoid a potential conflict of interest.
How to Support Future Generations for a World Based in Projects
8:16In the last 20 or 30 years, project management has taken on a vast proportion, and a good part of the population works, even if they don't know it, in some way with projects. So why do people see the world for projects as a threat? What are the misunderstandings? Let's talk about how I see project management and how to support future generations to work in a different world, a world by projects. Listen to the Podcast to learn more.
Some Considerations About Project Delivery Approach: Predictive (Waterfall), Hybrid or Adaptive (Agile)
11:16In this week's episode, Ricardo talks about the form of development approach you will choose, according to the type of project. He comments that one of the Performance Domains of the new PMBOK® is the Development Approach and Lifecycle. And he explains that for some projects, it is better to choose the predictive approach, while for others, the adaptive approach is more suitable. Listen to the Podcast to learn more.