In this episode, Ricardo explains that many projects fail not because of technical issues, but because the global context changes during execution. Elections, wars, sanctions, and trade tensions can shift priorities, block suppliers, and unexpectedly increase costs. Geopolitics goes beyond armed conflicts; it includes global supply chains, interest rates, exchange rates, and environmental regulations. Trade restrictions can halt infrastructure projects, export limitations can delay the delivery of critical equipment, and regional conflicts can raise material costs. Higher interest rates affect project financing, while currency fluctuations can quickly make contracts unviable. Regulatory changes also impact scope and timelines. So, project managers must include macroeconomic risks in planning, work with multiple scenarios, and involve leadership when the context changes to stay aligned with strategy in a globally unstable environment.

Listen to the podcast to learn more!