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 Fear of Missing Out (FOMO) Is So Dangerous for You and Your Projects
People do Not Want to Work from Home. People Want Flexibility!
The Future of Project Management Using DAO (Decentralised Autonomous Organization)
Your Project Inside the Hurricane of the Attention Economy
BANI Is Not the Evolution of VUCA!
Three Tips To Develop and Sustain a Perfect Squad
Why Chaotic Systems Matter to My Work
Three Tips To Mitigate Inflation Risks in Your Project
The Challenges When You are Overqualified for a Job
Benefits and Drawbacks of the Passion Economy
The Trap of Diderot Effect: Never Implement a Feature You Don’t Need
The Unlimited Applications of Project Management in Agribusiness
Remember That the Law of Diminishing Returns Also Applies to Your Project Management Efforts
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Understanding the Differences Between Conformity and Compliance
How Availability Bias Changes Our Perceptions of Risks
Directly from the Global Project Management Forum in Riyadh, Saudi Arabia
The Disturbing Results of Gallup State of the Global Workforce Report 2022
Evaluating 5 Applications of AI in Project Management based on Impact and Complexity to Implement
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