5 Minutes Podcast with Ricardo Vargas
Business:Careers
Why the Fear of Being Left Out (FOMO) Is So Dangerous for You and Your Projects
This week, Ricardo talks about FOMO, or "Fear of missing out," which is the anxiety we have when we don't feel included in a specific scenario, causing us to feel unmotivated and have low self-esteem.
New technologies, cryptocurrencies, the metaverse, and artificial intelligence are just examples that can make us feel out of date and like we are falling behind.
The fear of missing out (FOMO) is a normal reaction to the perception that others have some information, knowledge, or relationship that we lack.
What is not normal is the intensity of what we are facing right now. Look especially at social media.
We may learn about innovative technology or a new approach to project management as we work on the project.
The challenge is the desire we usually have to invest in everything new that comes out, and this behavior prevents us from focusing on project results.
Our judgment is impaired, and as a result, we make choices that may not be optimal.
One way out might be another acronym, JOMO, or "Joy of Missing out," which explains that letting something new slip by can be suitable for the project, however counterintuitive.
We need to focus on what needs to be done. Suppose we always try to use the best technologies and methods. In that case, we can fail to deliver the expected primary results.
In addition to destroying team morale, generating an unusual level of anxiety and triggering what we see as the "Great Resignation."
Listen to this week's #5minpodcast to learn more.
Understanding Minimax Strategy in Project Decisions Under Uncertainty
Zombie Projects: Why They Exist and How to Kill Them
Why Do We Need to Learn How to Swallow the Fish if We Want to Deliver Successful Projects?
Will Project Management Offices (PMO) Survive in the Age of AI?
What Can Be Learned from the Tragedy of Titan Submersible?
Self-Reflection on Burnout: Five Proactive Strategies for Personal Resilience
3 Quick Tips to Use ChatGPT in Your Projects
4 Ways to Improve The Relationship With Your Boss
Occam's Razor: The Power of Simplicity in Project Management
The Cobra Effect: Unraveling Second-Order Consequences
Is there Something to Learn from Bayes' Theorem That Will Change Your Perceptions of Risks?
Is the Future of Artificial Intelligence the Future We Want for Us?
Three Strategies for Improving Your Remote Work
How Gamification Can Maximize the Results of your Project
Three Uses of AI that can Bring Agile Development to the Next Level
Mental Liquidity and Our Ability to Change
360 New AI Applications in the past 7 Days: I Hope This Does Not Hurt Agile Approaches
Little’s Law Application in Project Management
Trust Me, We Can Control Much Less Than We Think
Why We Must Expand the Moral Hazard Concept to our Projects and Initiatives
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