Risks of Using Statistical Analysis Tools in Project Management Environments

Murtadha Albuali
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Murtadha Albuali: Long Island University, USA

International Journal of Applied Management Sciences and Engineering (IJAMSE), 2020, vol. 7, issue 2, 1-10

Abstract: The purpose of this study is to examine the risks of using statistical tools on a project basis. A systematic search of certain academic databases has been conducted for this study. Statistical tools could be used in a project, and they should be properly planned and designed. Statistical tools include major activities such as collecting and analyzing data and provide meaningful interpretation as well as reporting findings. When dealing with statistical tools, there are several risks that may arise and impact the project positively or negatively. This study covers a brief outline of the risk management, statistical tools, and the relationship between the two concepts. Finally, a discussion of the common type of risks that are initiated by using statistical analysis tools where the risks could be planned, identified, and analyzed in the early stage of the project is done.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jamse0:v:7:y:2020:i:2:p:1-10

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