Using What-if Analysis to Manage Projects in Extremely Volatile Scenarios

5 Minutes Podcast with Ricardo Vargas

In this podcast, Ricardo talks about the importance of what-if analysis in navigating volatile scenarios, such as geopolitical changes or unexpected project disruptions. By anticipating potential challenges—like new taxes, supply chain issues, or key team members leaving—project managers can develop contingency plans to adapt quickly. Ricardo highlights that dismissing unlikely scenarios can be dangerous, as even improbable events can occur. He stresses reducing project lifecycles to minimize exposure to volatility and using what-if scenarios to stay prepared. Ultimately, adaptability and proactive planning are essential for managing projects in uncertain environments.

Tune in to the podcast to learn more!