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Probability Distribution Function (PDF)

A probability distribution, also described as a probability density function, represents the distribution of the probability of an outcome. As an example, the Monte Carlo analysis may be designed to estimate the cost or duration of a project. The PDF represents the number of…
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Definition 1

A probability distribution, also described as a probability density function, represents the distribution of the probability of an outcome. As an example, the Monte Carlo analysis may be designed to estimate the cost or duration of a project. The PDF represents the number of times a certain cost or duration is achieved

CategoriesBusiness and Support Services, Safety, Security
Term OPIPM - Office of Project Management Oversight and Assessments
Definition typeDefinition
RelatedSources

Source 1:

DOE G 413.3-7A Chg 2 (LtdChg), Risk Management Guide
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