2025 Volume 5 Issue 1 Pages 2-9
The preceding sections of this article series, Parts 1 and 2, presented the theoretical framework of statistical methods that overcome factors inhibiting statistical analysis in project management, as well as practical examples of their application. However, further detailed explanation is necessary with regard to the probability analysis processing and null hypothesis test based on statistical probability theory, which are part of the practical examples. This paper, Part 3, presents a further detailed theory of statistical probability methods applied to project management and includes practical examples of such methods. Additionally, it provides information on the knowledge and insights necessary for initial project management planning and performance improvement strategic decisions.
