Ace the CAPM Adventure 2026 – Your Project Management Power-Up!

Standard deviation in project management measures the variability from the average. It helps project managers understand the range of possible outcomes and how much individual data points differ from the average. This is valuable in assessing and managing risks within a project, as it provides insights into the potential level of uncertainty or variation in project performance metrics. Cost overruns, communication effectiveness, and accuracy of work performed are important aspects of project management but are not directly measured by standard deviation.