An Optimization Workflow for Projects

This guest contribution on Innovation Intelligence is written by Guy Shtub, Co-Founder and CEO at SandboxModel LTD. Project Team Builder software by SandboxModel uses simulation technology to predict the project outcome resulting in better decision making, more accurate forecasts and ultimately better project results. Project Team Builder is available through the Altair Partner Alliance.

Companies, across different industries, realize that managing projects in a more structured methodology, leads to better results.

Background

Traditionally, project tools are used to create a basic project plan. This plan includes a Gantt chart with the tasks, a basic project schedule, budget and resources. The plan is then presented to management for approval before the project starts. During the project’s life cycle, the plan is continually updated with current information and is used to monitor and control the project.

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