5 Minutes Podcast with Ricardo Vargas
Business:Careers
Ricardo talks about the predictions we make for our projects and initiatives in this week's episode. He explains that we frequently have an illusion of control and that the perception of future reality is significantly more complicated than reality itself. Professor Philip Tetlock found that only 45 percent of almost 30,000 predictions made by various professionals were accurate. This means that the probability of a miss is equal to the probability of a hit, much like flipping a coin.
Ricardo also gives tips on how to deal with these forecasts. First, it is essential to view them as perspectives, not absolute truths. Second, it is necessary to evaluate the potential impacts of each scenario on the project or initiative if the forecast or risk materializes. Diversification is an essential additional strategy because it creates an adaptation tool that enables us to adjust to various scenarios.
Listen to the podcast to know more.
How to Manage Coupled Dependencies in Projects
Bowtie Method to Evaluate Risks
Review Your Metrics Because They Lose Value Over Time
Spotify Model for Engineering Culture - Part 3/3
Spotify Model for Engineering Culture - Part 2/3
Spotify Model for Engineering Culture - Part 1/3
The Project is Complex Enough: Simplify Management
Using the 7R’s to Plan and Deliver Change
Why is it so Hard to Make Smart People Work Together?
Why We Should Care about Psychological Safety
Let’s be Mindful: What really is a Distinct Mindset?
Understanding Scope Statement, Statement of Work and Requirements
It is Possible to Innovate and Create Value Without Destroying What is Currently in Place
Agility and Agile are Not Necessarily the Same Thing
There is no Template for Life
Stop Worrying About Things You Cannot Control
Post Mortem Analysis
Movement is Not Necessarily Progress
Regaining Control: Leading Projects and Delivering Results in Turbulent Times
Work in Progress (WIP): Your Worst Enemy When Trying to Get Things Done
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