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SK07: Skills and Knowledge Course 7 - Statistics, Probability & Risk Analysis

CEU: 0.9
PDH: 9

No textbook is required for this course.Once your registration is received, the instructor will be notified of your enrollment within one business day, and as soon as your account is set up in the online learning system, you will receive login instructions from the instructor.

Statistics, Probability & Risk Management
The successful company collects information so that when analyzed, good decisions can be made. Statistics constitutes methods useful for the analysis of this information. One of the greatest risks to projects is the lack of adequate and appropriate planning and an important part of project planning is risk management. Risk management in all its forms both simple and complex will potentially have a positive effect on the implementation of projects. Upon the completion of this course, the participant will be able to:

  • Explain basic definitions and terminologies in probability and statistics.
  • Describe frequency distribution, cumulative probability curve and normal curve.
  • Apply statistical techniques in decision making such as market and/or risk analyses.
  • Explain basic steps of a risk management process.
  • Describe risk mitigation options.
  • Apply decision tree analysis.

Withdrawals and Refunds
You may withdraw from this course by sending an email to education@aacei.org or by conventional mail requesting to be dropped from the course. Non-attendance or notifying the instructor does not constitute officially dropping or withdrawing from a course. Students who stop attending courses without officially dropping will receive a grade of U in the class. Refunds are not automatic. NO refunds are due unless the course is officially dropped within stated guidelines in the refund schedule.

Refund Schedule
a. All withdrawals must be submitted by e-mail. Withdrawal received before the second day of enrollment: total fee less a $400 cancellation fee for enrollment in the series (seven courses), and total fee less $100 for enrollment in each individual course (less than seven courses).
b. Refund requested after the second day and no later than seven days after the first day of class will be refunded 60% of the fee, after which time there is no refund.