Showing posts with label project. Show all posts
Showing posts with label project. Show all posts

June 30, 2015

Using GoldSim to Simulate Projects

Posted by Jason Lillywhite

The planning and management of programs and large projects is inherently difficult, not only due to their complexity, but also because something almost always goes wrong (Murphy’s Law!). By combining the flexibility of a general-purpose and highly-graphical probabilistic simulation framework with specialized features to support financial modeling and scenario analysis, GoldSim is ideally suited as a high-level project planning tool suitable during the feasibility assessment and conceptual design phases, while the exact scope of the program is still in flux and it is critical to simulate the range of possible outcomes.