2022 - All Episodes

5 Minutes Podcast

Evaluating 5 Applications of AI in Project Management based on Impact and Complexity to Implement

This week Ricardo shares a personal experience where he can see project management happening naturally as part of life. He made lunch at the weekend to celebrate a friend's birthday. Without even realizing it, Ricardo prepared the list of ingredients and made a mental plan of what resources he would need, how long each item would last in the oven, etc. Important to note that lunch was not for two people. It was for more than 20 people. And he did it all himself.
Without meaning to or realizing it, he's been practicing the project management skills we always look forward to practicing.
And he did it naturally as part of structured thinking. And that's what this episode wants to talk about. You don't need to deploy a nuclear power plant, a gigantic airport, or a digital transformation in the most relevant companies in the world to practice and learn to manage projects.
You can do this the next time you think about tidying up your closet, at your next barbecue, your next visit to the farm, or on your vacation.
Projects (or whatever name you want to call them) are nothing more than logic and common sense to connect ideas with results. That simple
Listen to the podcast to learn more.
#project management, #planejamento, #personal skills

Project Management is a Life Skill

This week, Ricardo talks about the PMI Summit 2022 in Las Vegas, the world's premier project management conference. 
He talks about the energy of being with thousands of people and networking opportunities.

Keynote speaker Amy Webb discussed emerging trends in project management in her opening address to the congress. 

While giving her presentation, Amy Webb brought up the following points: 
FOMO is not a trend (Fear of missing out) is the fear of being outdated. 

Ricardo has recently produced a podcast devoted to the concept of FOMO. 
Here's the link if you're interested in hearing it: https://ricardo-vargas.com/pt/podcasts/why-fear-of-missing-out-fomo-is-so-dangerous-for-you-and-your-projects/ 

The metaverso may not be a trend, even though many people are getting into this new network.

Ask more and what if, to avoid asking now what, so you don't need to ask after the problem happens.
It's important to play out potential problems in advance by simulating them. Using our skills, we must create reasonable scenarios for the future. 

Listen to the #5minpodcast to learn more.

#futureofprojectmanagement, #riskmanagement, #networking

Directly from the PMI Summit 2022 in Las Vegas

This week, Ricardo discusses the holacratic model in the context of businesses and projects. 

Organizations following the holacratic model are self-managed and self-organized; there is no manager, and duties are distributed horizontally. 

In this framework, individuals and groups are empowered by a shared sense of mission and accountability, leading to greater flexibility. 

in Ricardo's opinion, projects using agile methods like Scrum, smaller teams, and startups are ideal settings for this model. However, this model may not be suitable for larger organizations, capital projects, an airport or oil refinery construction, etc.

In this type of project, with the absence of some minimal hierarchical structure, it becomes more difficult to follow the flow of people and decisions because there is a natural loss of focus and responsibility, and interactions between groups and areas are more significant and complex.

Listen to the #5minpodcast to learn more!

#capitalprojects, #agile, #scrum #businessmodel #projectstructure

Does Holacracy Work in Projects?

In this week's episode, Ricardo talks about the moment to get out of a certain situation and discusses three essential points based on the book "Quit" by Annie Duke.

People are socialized to believe that staying in a harmful situation is a virtue, so the idea of stopping what is toxic, whether professionally or personally, is often seen as a negative choice and a demonstration of fragility.

Contrary to this line of thinking, Annie Duke's book demonstrates how our problem can only get worse if we don't recognize when it's time to change. Persistence does not necessarily lead to a long-term goal.

The second tip is that when we seek complete certainty in our decision, we often decide to leave when it is too late, and the damage is already evident.

The third concerns buried costs or sunk costs. What has already been spent, be it effort, money, time, or energy, cannot impact future decisions.

Finally, he talks about the importance of creating metrics that establish a cut-off point from which output needs to be triggered. And these metrics cannot be created when the problem already exists. They need to be created before the problem since our perception is altered when we are "inside."

Listen to the #5minpodcast to learn more!

#changemanagement, #riskmanagement,#decisionmaking

Why It Is Important to Recognize When It Is Time to Quit

This episode concludes the 2022 podcast series as Ricardo looks back on the year's events.

Ricardo says that 2022 was, in some ways, a different year. Maybe because we recently emerged from the lockdown situation caused by Covid, society stayed in something like a "limbo" state.

In particular, he emphasizes three noteworthy aspects of the year 2022:

The first is about unpredictability: at the beginning of this year, a war broke out in Europe, and few saw it coming and the full consequences of it. Climate change also contributed to the perception that the problems are not a problem for future generations and that climate disruptions are happening now.

The second point concerns technological advances, such as the recently announced clean energy from nuclear fusion. Technology is at the center stage of every single business worldwide.

The third and final point is about stability. Ricardo mentioned that the only place you can find stability is in the dictionary. He discusses the layoffs in technology companies that surprised most of the workforce, the Twitter changes in leadership, and its disruptive impact. Companies considered safe places to work and grow are not that so great anymore.

Finally, Ricardo offers some thoughts on our most valuable resources for surviving in this unstable environment: our emotional capability, mastery of our fears, and adaptability to the various changes we face.

Listen to the #5minpodcast to learn more!

The Year in Review and What to Expect of 2023

Hello

Thanks for visiting my profile. 

I am an experienced leader in global operations, project management, business transformation, and crisis management. My main focus is implementing innovative global initiatives, capital projects, and product development. I have directed dozens of projects across industries and continents, managing more than $20 billion in global initiatives over the past 25 years.

I am a seasoned board member who has participated in the Brazilian Institute of Corporate Governance (IBGC) board member program. I was the first Latin American to become chairman of the board of the Project Management Institute globally, where I served for four years. I am also a member of the advisory board of Yera, an Estonian startup dedicated to improving employee performance and engagement through technology and artificial intelligence.

I share my expertise with millions of professionals around the globe through my "5 Minutes Podcast," which I have hosted since 2007 and has reached 12 million views. I've written 16 books on project management, risk and crisis management, and transformation, which have been translated into six languages and sold over half a million copies.

I am a seasoned speaker and have delivered over 250 keynote addresses in 40 countries. My influence on the sector was affirmed when I became the first Latin American to be elected Chairman of the Project Management Institute.

My work as a venture capitalist and entrepreneur in artificial intelligence, blockchain, big data, chatbots, and machine learning resulted in tools and products that have revolutionized how users bring agility and agile management into project management software.

More than two decades ago, I founded Macrosolutions, a global consulting firm with international operations in energy, infrastructure, IT, oil, and finance.

Between 2016 and 2020, I envisioned and led the Brightline Initiative, a Project Management Institute think tank in partnership with leading organizations dedicated to helping executives bridge the expensive, unproductive gap between strategy design and delivery.

Before Brightline, I was Director of the United Nations Office for Project Services (UNOPS) Infrastructure and Project Management Group, leading over 1,000 projects and $1.2 billion in humanitarian and development projects. I was also responsible for the first ESG Report in the UN System, published in 2015.

I have a Ph.D. in Civil Engineering, an undergraduate degree in Chemical Engineering, and a master's degree in Industrial Engineering.

Evaluating 5 Applications of AI in Project Management based on Impact and Complexity to Implement

Ricardo Viana Vargas - 5 Minutes Podcast