What is Nassim Nicholas Taleb's Anti-fragile? And How does it apply to Project Management?

The video explores the concept of anti-fragility, introduced by Nassim Taleb, which describes systems that benefit from chaos and stress. It contrasts anti-fragility with resilience and robustness, emphasizing the need for systems to improve under stress. In project management, anti-fragility involves rigorous monitoring, control, and creating diverse project portfolios to thrive in unexpected conditions. Agile project management is highlighted as an anti-fragile approach, allowing quick adaptation to changes without additional costs or delays.

What is the key difference between antifragility and resilience?

• Antifragility involves thriving in chaos, while resilience involves resisting change.

• Resilience involves thriving in chaos, while antifragility involves resisting change.

• Both involve thriving in chaos.

• Both involve resisting change.

What is a characteristic of antifragile systems?

• They remain unchanged in the face of stress.

• They deteriorate when exposed to volatility.

• They grow stronger when challenged.

• They avoid all forms of risk.

In project management, what is a primary method to achieve antifragility?

• Avoiding all risks and uncertainties.

• Implementing rigorous monitoring and control.

• Focusing solely on cost reduction.

• Eliminating all forms of redundancy.

Why is it important to build redundancy in projects?

• To respond effectively to shocks and challenges.

• To increase project costs.

• To avoid any form of risk.

• To ensure projects fail in adverse conditions.

How can project portfolios be made antifragile?

• By ensuring some projects succeed in adverse conditions.

• By avoiding any form of experimentation.

• By creating projects that only succeed in expected conditions.

• By focusing on a single type of project.

What is a benefit of agile project management in terms of antifragility?

• It incurs additional costs with changes.

• It delays project completion with changes.

• It avoids all changes to maintain stability.

• It quickly adapts to changes without extra costs.

How do agile projects handle changes in requirements compared to predictive projects?

• Predictive projects have no additional costs with changes.

• Agile projects welcome changes as part of the process.

• Agile projects incur additional costs.

• Predictive projects adapt quickly to changes.