The Stanford Center for Professional Development (SCPD) hosted the Managing Project Uncertainty webinar and it is now available on archive. Professor Sam Savage provided an overview of using statistical analysis in managing a project. He gave examples to show how project tend to be late, over budget, or how profit projections are always lower than projected. The examples files are available from his website too. These tools use Stochastic Information Packet to model projects and projections. The tools use standard functions in MS Excel.