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A Deep Dive into Probability Distribution in Risk Management

MPUG

A coin toss is perhaps is the simplest introduction to probability , which informs chance or likelihood of occurrence of a random variable. Let’s note the random variable as X and probability as P(X). Mathematically put: Probability (Getting head) or P (X). This leads to the concept of distribution.

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A Deep Dive into Probability Distribution in Risk Management

Management Yogi

Ever tossed a fair coin? I’d bet you have! At least in your childhood days while deciding which team would bat first in a baseball or a cricket match, or who would serve first in a badminton or tennis game. Every kid agrees to it because it’s unbiased. When you toss a fair coin, the chances of getting a head is 1/2 (0.5)

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Our Most Popular Articles of the Year 2022

MPUG

It’s been a year of challenges and successes but in true “Project-Manager-style”, we always manage to find creative solutions and a way to get things done. Project Management assumptions, dependencies and constraints. The Quadruple Constraints of Project Management. Top 20 Articles published in 2022.

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How to create a competitive analysis (examples and free template)

Planio

In this guide, we’ll go deep into what a competitive analysis should include and then provide a step-by-step guide (including examples and templates) to help you create your own. Jump to a section: What is a competitive analysis? Want to follow along yourself? Download What is a competitive analysis?

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In-Depth: How To Create Better Work Agreements For Your Team

Scrum.org

A while ago I was taking a walk with my partner Lisanne. A noisy flock of geese flew overhead in a messy V formation. We laughed at the amount of noise they produced. It all looked very chaotic. Then another flock flew overhead. It was a similar number of birds. But their formation was tight. And there was hardly any communication.

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PO Interview Questions — The Product Backlog and Refinement

Scrum.org

Lastly, there is an overlap with the product manager role. TL; DR: Product Owner Interview Questions — The Product Backlog and Refinement. If you are looking to fill a position for a Product Owner in your organization, you may find the following 71 interview questions useful to identify the right candidate.

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How delivering the live virtual Professional Scrum Master II class surprised us

Scrum.org

If someone would have asked us one year ago to create a Live Virtual Class (online) of the Scrum.org Professional Scrum Master II class , I would have responded with a: “No way! The PSM II class is designed specifically for in-person interaction, face-to-face conversations, and having dialogues in small groups while sitting knee-to-knee.

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