In this episode of the Project Chatter podcast, Val Matthews and Ian discuss various aspects of project management, emphasizing the importance of language, learning from past experiences, and the role of technology. They explore the concept of reference class forecasting, the evolution of project management practices, and the significance of mentorship. The conversation also touches on the challenges faced in modern project management, the impact of collaborative contracting, and the future of AI in the field. The episode concludes with reflections on the need for standardization and the importance of not automating ineffective practices.