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Project Managers:
Carol Amos, (302) 999-6365 or carol.b.amos@usa.dupont.com
Overview
This project is identifying and evaluating decision-modeling products for use in making
decisions identified by Element 1: Scenario-based Project Planning of the Capital Projects Technology Roadmap with project-specific knowledge of the variables listed within the Potential Barriers and Challenges section.
Project Participants
Project Status
This project began in the summer of 2005 and is estimated to be completed within 12 months.
Business Case
Purpose
To identify and evaluate commercially available decision modeling
products that are capable of analyzing the particular complex nature of facilities and
the interrelated variables. A second purpose of the evaluation is to decide if
commercially-available models are adequate to meet our objectives or if additional
development of decision models for this type of situation is needed.
Business Drivers
Identifying commercially available tools is the first step in a cost
benefit analysis to decide if purchasing an existing tool is preferred over researching
and developing a new tool.
Project Activities
- Define the necessary Roadmap project control plans, including charter, schedule
and project plan, resourcing plan (in terms of skill sets and work hours),
communication plan, financial plan, etc.).
- Staff and initiate the project.
- Identify published research on evaluations of existing commercial decision
modeling products, published processes and comparative studies for analyzing
complex interrelated system variables.
- Search for expertise that could be applied to the capital projects industry while
casting a broad net to look for research related to making decisions in complex
systems.
- Compile a summary report of the available models and relevant published
research including a recommendation on further work needed to complete the
objectives of this project.
- Develop a procedure for evaluating the commercially available decision
modeling software that includes use of the software to be evaluated.
- Identify and survey the available commercial software and prepare a list of
candidates for evaluation and testing.
- Establish evaluation criteria for the decision modeling software.
- Evaluate the decision modeling software and recommend leading candidates for
testing.
- Test the recommended decision modeling software.
- Prepare a report of the testing results compared to the evaluation criteria
including recommendations and a path forward. Make specific
recommendations regarding the need and priority for Project #2 that would
prepare a product specification for the next generation decision modeling
software with enhanced features to better meet the needs of the capital projects
industry.
Note: A listing of decision science organizations and decision modeling software is
presented at groups.msn.com/DecisionModeling/yourwebpage1.msnw and from the
Decision System Laboratory of the University of Pittsburgh at
www.sis.pitt.edu/~dsl/software.htm. An example of a comparative analysis is the
Trade-Off Analysis Planning and Procedures Guidebook prepared for the U.S.
Army Institute for Water Resources Decision Methodologies Division, April 2002
IWR 02-R-2 at www.iwr.usace.army.mil/iwr/pdf/tradeoff.pdf.
Project Deliverable
- Report of the available models and relevant published research including a
recommendation on further work needed to complete the objectives of this
project.
- A procedure for evaluating the commercially available decision modeling
software products.
- A list of candidate products proposed for evaluation and testing.
- Report of the testing results compared to the evaluation criteria including
recommendations and a path forward.
© 2007 FIATECH. All rights reserved.
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