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Process simulation technique using benefit-trade matrices to estimate schedule, cost, and risk

  • US 6,088,678 A
  • Filed: 04/09/1996
  • Issued: 07/11/2000
  • Est. Priority Date: 04/09/1996
  • Status: Expired due to Fees
First Claim
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1. A computer-implemented process simulation method having a software engine that calculates resources required to complete a project having a design whose process is to be simulated, said method comprising the steps of:

  • defining a project;

    defining a plurality of physical resources that are required to complete the project;

    inputting a plurality of design requirement priority values and a sample design having predefined elements into a computer, which sample design has a process that is to be simulated;

    defining each substep of the project using a predetermined benefit-trade matrix that comprises a multiple variable lookup table that embodies history data relating to the substep that is indicative of weights of schedule, cost and risk elements for the substep and user-input rating data that comprises values corresponding to the importance of each respective element;

    defining a logical equation for each substep that computes the time required to complete the project, required resources for the project, and cost of the project based upon data input thereto;

    inputting weights for schedule, cost and risk elements of each benefit-trade matrix;

    inputting rating values for schedule, cost and risk elements of each benefit-trade matrix;

    computing output vectors for each benefit-trade matrix that comprise values corresponding to the respective weight of each element times the respective rating value of each element;

    at each substep, calculating resources required to complete the project using the vector derived from the benefit-trade matrix associated with the substep, and the design requirement priority values and predefined elements or vector derived from the benefit-trade matrix associated with a previous substep; and

    outputting data for use in assessing the risk, cost, and schedule associated with decisions made regarding the project.

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