Today, managers are faced with many conflicting objectives when attempting to deliver a new product to market. There is significant pressure to launch the product within budget, at a high quality and on time. The “3-Legged Project Management Stool” is an excellent way to describe the balancing act that is required…

The project itself is the seat of the “Three-Legged Stool” and Cost, Quality, and Schedule are the legs. To have an efficient and effective project, you need to first have a project proposal template and have all legs of the stool be equal so there’s no wobbling! If one of these important facets falls short of their respective target the stool falls over; moreover the project fails

Discrete event simulation is one of the best tools that lends itself to all three of these facets, and that is why most large manufacturing companies are using discrete event simulation to reduce risk and keep up with the competition.

Brian Harrington, a former Ford Motor Company employee and SIMUL8 user of 20 years discusses in our latest whitepaper why simulation is such a useful tool for manufacturing organizations to use to ensure the success of a project, and over the next few weeks we’ll be looking into this further on our blog and highlighting examples where simulation has played a key part in the success of manufacturing projects across a variety of industries.

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If you have a manufacturing success story of your own, or examples of difficulties when time, cost and quality don’t come together effectively, then let us know, and you could be our next guest blogger!