Cyber-reality

Just as the spreadsheet programs of a generation ago revolutionized business planning, so today's simulation programs offer tremendous potential for better decision-making, more accurate resource allocation, and superior business forecasting. This article overviews recent developments in simulation programs, and offers guidelines for choosing among them. Most simulation programs use algorithms to manipulate data, and can display the results of specific queries as single interactive flow charts. These charts can be used as training aids that enable managers to work through hypothetical situations and test proposed solutions to various problems. Simulation programs have been used successfully for airline passenger routing, cargo handling, and electric utility power routing, to name but a few applications. Simulation programs are beginning to be run in parallel with the actual operations of organizations, enabling planning to be done with real-time data.
registered user content locked
PMI member benefit.

or Register

Advertisement

Advertisement

Related Content

  • PM Network

    Learn To Let Go member content locked

    By Fewell, Jesse Learn to let go of the decisions you think you can make faster. Facilitating the right people to take ownership of the right issues is not only better for the project. It's better for your career.

  • PM Network

    Stumbling Blocks registered user content locked

    By Garza, Amelia Metric depiction regarding corporate investment in blockchain technology.

  • PM Network

    Executive Order registered user content locked

    PM Networks queries the project management community about determining when it's necessary to escalate decisions to project sponsors.

  • PM Network

    Open Doors registered user content locked

    By Craig, Andrew R. Projects move at the speed of decisions. But sound decision making can occur only with an open, honest flow of information — meaning successful projects require transparency. Project managers should…

  • PM Network

    Don't Rush to Judgment registered user content locked

    By Lawrence, Teresa Every project presents problems. In order to find the best solution, project managers need to use two types of thinking: divergent and convergent. Generating ideas is divergent thinking; evaluating…

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.