A. Cumulative probability distribution representing probability of achieving a particular outcome
An S-curve from a Monte Carlo analysis typically shows a cumulative probability distribution representing the probability of achieving a particular outcome. Monte Carlo analysis is a probabilistic modeling technique that uses random sampling to simulate the uncertainty and variability in a project's various parameters, such as cost or schedule. The resulting S-curve provides a visual representation of the range of possible outcomes and the likelihood of achieving different levels of performance or completion within a given project. It helps project managers assess and manage project risks and uncertainties by understanding the probability distribution of project outcomes.
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