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title: "Glossary"
canonical: "https://support.55degrees.se/space/SP/3964864766/Glossary"
format: markdown
---
Here are definitions for all the confusing words in this documentation and Portfolio Forecaster itself.

> ℹ️ Feel free to reach out to us via the Support Portal if you'd like a definition to be added to this glossary.

- **Throughput** is the count of items crossing the finish line per unit of time.
- **Work In Progress** is the count of items started but not yet finished.
- **Monte Carlo Simulation** is a computational technique for understanding the range of possible outcomes and the likelihood of each outcome in complex environments with uncertainty and variability.  
[https://www.loom.com/share/ce73955e5dde4cbe8aba6be4cc057bf9?sid=0d53452d-97a9-4c8b-ad6c-b69778d9ba40](https://www.loom.com/share/ce73955e5dde4cbe8aba6be4cc057bf9?sid=0d53452d-97a9-4c8b-ad6c-b69778d9ba40)
- **Likelihood **is the numerical value of the possibility that the Due Date will be met based on the work remaining.
- **Confidence Level **is the risk level you are willing (or unwilling) to take in a percentile value.
- **Group Forecasts** are forecasts that align with individual groups where the work is happening to ensure accuracy.
- **Forecast Portfolios** are a roll-up view of multiple forecasts that show you exactly what you want, no matter where the work is happening.