Triangle Distribution

Subjective distribution of a population for which there is limited sample data. It is based on knowledge of the minimum and maximum and an inspired guess as to what the modal value might be. It is also used as an alternative to the Beta distribution in PERT, CPM, and similar…
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Definition 1

Subjective distribution of a population for which there is limited sample data. It is based on knowledge of the minimum and maximum and an inspired guess as to what the modal value might be. It is also used as an alternative to the Beta distribution in PERT, CPM, and similar forms of project management tools.

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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