Project Management

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Probability and Satistics

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Farid Alsakkaf Ships Projects Manager| ADNOC Abu Dhabi, United Arab Emirates
How far PM needs to be familiar with probability and statistics?
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Dominic Law Product Manager| PCCW Global Happy Valley, Hong Kong
I assume you mean some advanced knowledge and my answer is they are not directly related to PM role. (If you say Risk Analysis, then there is probability consideration in risk level, but I see that as basic knowledge.)
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Farid Alsakkaf Ships Projects Manager| ADNOC Abu Dhabi, United Arab Emirates
But they add value more than many things else.. they provide knowledge on how to produce date, how to analyze it, which is probable and what is inferable. This is what project management is mostly about as I think .
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Samuel Vaddi Avon, In, United States
Farid, while the things you state (how to produce date, how to analyze it, which is probable and what is inferable) may be important, they may be more important to certain businesses than others.

I think the core PM skills are: Defining the project work to meet project objectives; finding and assigning the right people to the right work; leading and empowering those people to do that work

A lot of things may be needed beyond this, but I think that level of knowledge would be organization-specific. For an organization/project that has to come up with dates with a high degree of accuracy, perhaps the PM does need to be knowledgeable about probability and statistics, and apply those principles in calculations
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1 reply by Farid Alsakkaf
Aug 16, 2016 12:06 AM
Farid Alsakkaf
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You are right Samuel, I only want to apologize for a typing error in my previous comments.. I meant to write "data" so mistakenly written 'date", however, I think any end product for a project should be accurate and only should be accurate...
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Probability knowledge is relevant for risk management. Statistics knowledge is relevant for quality assurance. In neither case, are they crucial.
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1 reply by Anupam
Aug 16, 2016 8:06 AM
Anupam
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Agree with Stéphane
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
I do not see the probability and statistics are crucial for the project manager. Yet, having them is an asset but not a must.
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
Well, probability and statistics is present in lot of project management items. Estimation, Risk and so far. But remember: the subject matter experts make most of the activities which demmads probability and statistics. You as project manager will use it to refine with subject matter expers did.
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Farid Alsakkaf Ships Projects Manager| ADNOC Abu Dhabi, United Arab Emirates
Aug 15, 2016 2:29 PM
Replying to Samuel Vaddi
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Farid, while the things you state (how to produce date, how to analyze it, which is probable and what is inferable) may be important, they may be more important to certain businesses than others.

I think the core PM skills are: Defining the project work to meet project objectives; finding and assigning the right people to the right work; leading and empowering those people to do that work

A lot of things may be needed beyond this, but I think that level of knowledge would be organization-specific. For an organization/project that has to come up with dates with a high degree of accuracy, perhaps the PM does need to be knowledgeable about probability and statistics, and apply those principles in calculations
You are right Samuel, I only want to apologize for a typing error in my previous comments.. I meant to write "data" so mistakenly written 'date", however, I think any end product for a project should be accurate and only should be accurate...
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Farid Alsakkaf Ships Projects Manager| ADNOC Abu Dhabi, United Arab Emirates
Probability and Statistics are tools for use by the project team member (PM is a project team member).. Probability and Statistics are not the science for any of the product-related disciplines a project may involve
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Anupam India
Aug 15, 2016 2:44 PM
Replying to Stéphane Parent
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Probability knowledge is relevant for risk management. Statistics knowledge is relevant for quality assurance. In neither case, are they crucial.
Agree with Stéphane
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AKSHAY JAIN Planning Group Leader| YOKOGAWA, Bahrain Gwalior, Mp, India
This is just an additional skill, not essential skill for PM.
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1 reply by Farid Alsakkaf
Aug 16, 2016 11:08 AM
Farid Alsakkaf
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Sometimes it is hard to judge what is essential and what is not essential.. the PM is like a navigator in the ocean ..
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