What Is a Monte Carlo Simulation?

Monte Car­lo Sim­u­la­tion is a math­e­mat­i­cal tech­nique for gen­er­at­ing ran­dom vari­ables to mod­el the risk or uncer­tain­ty of a sys­tem. Learn how Monte Car­lo sim­u­la­tions help to answer two of the key ques­tions of project man­age­ment regard­ing through­put and lead time, and help teams com­mit to deadlines.