Monte Carlo Simulation: Estimate Product Initiatives With Confidence
The Product Coalition
FEBRUARY 11, 2023
Scope grows like grass, so what can engineers or product managers do to communicate the duration of initiatives when there are many unknowns? That’s where the Monte Carlo Simulation (MCS) comes in handy. When we talk about the future, we often aren’t talking about the future at all, but about the problems of today. A software engineer, trying to persuade a product manager to invest time in reducing technical debt, will lay out in great detail future operational gain by spending less time on main
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