How Valuable Is Process Simulation Modeling (PSIM)?
Process Simulation Modeling (PSIM) can provide real business value to organizations that are trying to change processes. When companies use the appropriate software simulation – designed for their industry to evaluate process performance, these organizations can improve their operations and achieve higher levels of process maturity with the integration of CMMI. However, regardless of what changes a company is considering, there are always costs and risks involved with any type of change. PSIM allows a company to examine the changes it want to make, analyze these changes, and determine the impact the change will have on a company’s process. “Any changes that have a significant impact on the product outcome can cause a risk exposure – especially if the organization is investing a significant amount of money in terms of tools, technologies and the training or retraining of people,” says David M. Raffo, PhD, a full professor at Portland State University with joint appointments in the Busin
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- How Valuable Is Process Simulation Modeling (PSIM)?
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