Forecasting Using Monte Carlo Simulations

Have you come here for our insights on Monte Carlo Simulations? Great, we have lots of stuff for you.

Monte Carlo Simulations Explained

In the below video, you can hear us chat about Monte Carlo Simulations and we run you through how it works and when to use it.

Monte Carlo CSV

Want to run your own Monte Carlo Simulation? We've got you covered. In our GitHub Repository we have a tool for you that lets you run forecasts with your data. All you need is a simple CSV file.

We have tutorials for Jira and Azure DevOps, but every tool that allows you to export the data is supported. Why not give it a try?

Frequently Asked Questions

If you're new to all this, we know this is a lot. You probably have some questions, we for sure did. We tried to answer some of the most frequently used ones already. Have a look at our FAQ on GitHub. If your question is not answered, feel free to reach out to us so we can get you an answer.

Blog Posts

If you want to dive deeper, we have several blog posts that show you not only how Monte Carlo Simulations work, but also how they can be applied:

• An Introduction and Step-by-Step Guide to Monte Carlo Simulations

• The Flaw of Averages — Comparing Monte Carlo Simulations with Estimates based on Averages

• Monte Carlo Simulations, Accuracy, and Unplanned Work — A Case Study

• Using Probabilistic Forecasts for Feature Planning

• Using Monte Carlo Forecasts in your Scrum Events