Glossary

Here are definitions for all the confusing words in this documentation and Portfolio Forecaster itself.

• Throughput is the count of items crossing the finish line per unit of time.

• Work In Progress is the count of items started but not yet finished.

• Monte Carlo Simulation is a computational technique for understanding the range of possible outcomes and the likelihood of each outcome in complex environments with uncertainty and variability.
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• Likelihood is the numerical value of the possibility that the Due Date will be met based on the work remaining.

• Confidence Level is the risk level you are willing (or unwilling) to take in a percentile value.

• Group Forecasts are forecasts that align with individual groups where the work is happening to ensure accuracy.

• Forecast Portfolios are a roll-up view of multiple forecasts that show you exactly what you want, no matter where the work is happening.