Podcasts Other 5 Minutes Podcast with Ricardo Vargas Why Fear of Missing Out (FOMO) Is So Dangerous for You and Your Projects

Why Fear of Missing Out (FOMO) Is So Dangerous for You and Your Projects

Published: Oct. 23, 2022, 11 p.m.

Why the Fear of Being Left Out (FOMO) Is So Dangerous for You and Your Projects

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This week, Ricardo talks about FOMO, or "Fear of missing out," which is the anxiety we have when we don't feel included in a specific scenario, causing us to feel unmotivated and have low self-esteem.

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New technologies, cryptocurrencies, the metaverse, and artificial intelligence are just examples that can make us feel out of date and like we are falling behind.

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The fear of missing out (FOMO) is a normal reaction to the perception that others have some information, knowledge, or relationship that we lack.

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What is not normal is the intensity of what we are facing right now. Look especially at social media.

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We may learn about innovative technology or a new approach to project management as we work on the project.

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The challenge is the desire we usually have to invest in everything new that comes out, and this behavior prevents us from focusing on project results.

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Our judgment is impaired, and as a result, we make choices that may not be optimal.

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One way out might be another acronym, JOMO, or "Joy of Missing out," which explains that letting something new slip by can be suitable for the project, however counterintuitive.

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We need to focus on what needs to be done. Suppose we always try to use the best technologies and methods. In that case, we can fail to deliver the expected primary results.

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In addition to destroying team morale, generating an unusual level of anxiety and triggering what we see as the "Great Resignation."

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Listen to this week's #5minpodcast to learn more.