Gaze into the crystal ball

Vité introduces SimVision 3.1, software that models the organization and work processes of complex strategic projects and uses simulation to predict their expected outcomes. The company reports that by analyzing the resulting data, an organization can optimize and fast-track its performance on projects and programs and allocate resources efficiently.

“SimVision provides senior-level executives with a strategic planning solution that lets them flight test their plans and manage the risk associated with any large-scale project or series of projects,” says Bob Drazovich, president of Vité. He adds that 3.1 identifies potential resource, schedule and quality problems that put projects at risk for failure, and provides quantitative data for immediate management intervention at the optimal time--before a project begins. The simulation also predicts how well an organization will perform, allowing managers to design an optimal plan and effectively allocate human resources across multiple projects.

Vité’s SimVision 3.1 is said to offer enhanced decision-making by:

• optimizing the way an organization performs on its projects;

• engaging decision makers and team members in fact-based strategic discussions;

• planning and executing the optimal portfolio of projects,
• delivering high-quality projects on budget;

• establishing aggressive and realistic timelines for fast-track projects;

• identifying, evaluating and reducing performance risks; and

• leveraging human resources across multiple projects.