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.
Why We Must Expand the Moral Hazard Concept to our Projects and Initiatives
Using the Big Five Personality Traits Model to Select and Develop the Project Team
3 Reasons Why We Make So Many Mistakes While Deciding
Do Not Mess Up Your Communications By Using the Wrong Channel
When Haste Makes Waste: Understanding the Failed Release of Google AI Bard
Stop Overthinking With The 5-4-3-2-1 Method to Reduce Anxiety
Trying to Make Sense of Artificial Intelligence, ChatGPT and Dall-E
Understanding the Concept of Gray Rhinos and Our Negligence to Respond to Highly Likely and Impactful Events
Would you Attempt to Predict the Top 10 Global Risks for 2023?
Trust is The Key to Get Things Done
ChatGPT, AI and the Future on How we Manage Projects
The Year in Review and What to Expect of 2023
Why It Is Important to Recognize When It Is Time to Quit
Does Holacracy Work in Projects?
Directly from the PMI Summit 2022 in Las Vegas
Project Management is a Life Skill
What We Can Learn from Elizabeth Holmes (Theranos), Sam Bankman-Fried (FTX) and Elon Musk (Twitter)
Using Technology Readiness Level to Evaluate New Technology Risks
Understanding External Factors and Trends Using PESTLE Analysis
The Relevance of the Right Project Governance
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