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Introduction to Probability Management 

  • Private University
  • Institute Icon8180 acre campus
  • Estd. 1885

Introduction to Probability Management
 at 
Stanford University 
Overview

Develop analytical capabilities to critically evaluate situations, identify uncertainties, and formulate solutions considering possible outcomes

Mode of learning

Online

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Course Level

UG Certificate

Introduction to Probability Management
 at 
Stanford University 
Highlights

  • Earn a certificate from Stanford University
  • Learn from industry experts
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Introduction to Probability Management
 at 
Stanford University 
Course details

Skills you will learn
Who should do this course?
  • For individuals who want to enhance their knowledge & skills in the field
What are the course deliverables?
  • 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
More about this course
  • 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

Introduction to Probability Management
 at 
Stanford University 
Curriculum

Foundations of Probability

Probabilistic Modeling

Decision Making under Uncertainty

Applications and Case Studies

Software tools and applications

Introduction to Probability Management
 at 
Stanford University 
Entry Requirements

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Conditional OfferUp Arrow Icon
  • Not mentioned

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Introduction to Probability Management
 at 
Stanford University 
Contact Information

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450 Serra Mall, Stanford, CA 94305, USA

Stanford ( California)

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