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Introduction to Probability Management

edX, Online
Length
10 weeks
Price
89 USD
Next course start
Start anytime See details
Delivery
Self-paced Online
Length
10 weeks
Price
89 USD
Next course start
Start anytime See details
Delivery
Self-paced Online
Visit this course's homepage on the provider's site to learn more or book!

Course description

Introduction to Probability Management

This course assumes that you are comfortable with Microsoft Excel, but you do not need training in statistics. If you wish to receive a verified certificate, you must download the free SIPmath™ Modeler Tools for Excel from nonprofit ProbabilityManagement.org, and it is recommended that you procure The Flaw of Averages: Why we Underestimate Risk in the Face of Uncertainty, John Wiley & Sons, either the 1st or 2nd Edition.

Upcoming start dates

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  • Self-paced Online
  • Online
  • English

Who should attend?

Prerequisites

None

Training content

  • Probability Management Basics
  • The Five Mindles of Uncertainty
  • Introduction to Applications
  • The Human Element

Course delivery details

This course is offered through Stanford University, a partner institute of EdX.

1-5 hours per week

Costs

  • Verified Track -$89
  • Audit Track - Free

Certification / Credits

What you'll learn

  • How to recognize the Flaw of Averages, a set of systematic errors that occur when uncertainties are represented by single numbers, usually an average. It explains why so many projects are behind schedule, beyond budget, and below projection.
  • The Arithmetic of Uncertainty , which performs calculations with uncertain inputs, resulting in uncertain outputs from which you can calculate true average outcomes and the chances of achieving specified goals.
  • How to create Interactive Simulations which may be shared with any Excel user without the need for add-ins or macros. The approach is just as at home in R, Python or any programming environment that supports arrays.

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edX
141 Portland Street
02139 Cambridge Massachusetts

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