Monte Carlo simulation
Project Management Professional glossary · Project Management Professional
Definition
An analysis technique in which a model is iterated many times with input values drawn from probability distributions, producing an empirical distribution of outcomes and capturing merge bias.
Monte Carlo simulation in plain English
A weather forecast isn't the storm itself — and a flat tire on the road isn't a forecast. PMP is ruthless about that split. Monte Carlo simulation sits in that risk/uncertainty toolkit so you don't treat a maybe like a now, or a now like a maybe. Hold onto this precise job description: An analysis technique in which a model is iterated many times with input values drawn from probability distributions, producing an empirical distribution of… On a stem, name whether Monte Carlo simulation is about timing, ownership, measurement, or delivery style — then eliminate the answer that borrows a cousin concept from the wrong phase.
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