Monte Carlo Simulation

An analysis technique where a computer model is iterated many times to calculate a distribution of possible results.

Risk

• ECO 2026 — PMP Examination Content Outline 2026
• PMBOK 7 — PMBOK Guide, 7th Edition
• ISO 21502 — ISO 21502:2020

• PMI, PMP Examination Content Outline (2026)
• PMI, A Guide to the Project Management Body of Knowledge (PMBOK Guide), 7th Edition
• ISO 21502:2020, Project, programme and portfolio management — Guidance on project management

Al Sawady, B. (2026). "Monte Carlo Simulation." Bayhas PM Lexicon. https://lexicon.bayhaspm.com/en/terms/monte-carlo-simulation (version 2026-08-30)

Version date: 2026-08-30