Probability Management
Probability Management is a nonprofit organization based in Palo Alto, CA, dedicated to making uncertainty actionable through the development of innovative tools, standards, applications, and training. By representing uncertainties as data arrays called SIPs, they enable organizations to make chance-informed decisions that enhance collaboration and acknowledge diverse risk attitudes among stakeholders.
The organization advocates for the Chancification of enterprise risk management, allowing non-experts to utilize uncertainties effectively through user-friendly tools like the ChanceCalc Excel add-in. Their initiatives aim to cure the Flaw of Averages, empowering businesses to roll up risks and opportunities similarly to numerical accounting, and ultimately facilitating more informed strategic planning across various sectors.
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