Building a Business Case for Modeling and Simulation

Abstract : Modeling and simulation technology is the use of models to develop data as a basis for making managerial or technical decisions. It can be a valuable tool for program managers, but it is one that is vastly under-used. This article provides a business-case framework (a methodology to evaluate investment opportunities) for program managers within the Department of Defense to use when determining how to apply modeling and simulation in project management. The authors reviewed selected MS augmenting or replacing physical tests; helping resolve limitations of funds, assets, or schedules; or providing insight into issues that were impossible or impracticable to examine in other ways.