Conceptual simulation model for strategic decision evaluation in project management

摘要: This paper focuses on a conceptual methodology for an integrated simulation model dubbed as dynamic modelling system (DSMS) proactive and optimal decision making within project management framework. Due to the uncertainties in environment, technical operational functionality of facility needs be assessed during development operation phases project. The is used optimising investment decisions vis‐a‐vis evaluation functionalities facilities early stages Project life cycle objective functions (LCOFs) are employed set criteria throughout project’s life. discussion being extended need setting up user‐friendly encompass processes entire Details described hypothetical case study demonstrate its capabilities. Possible extensions then outlined. C++ programming language association with object‐oriented database achieve aforementioned objectives.