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wl gore

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Issue:

Business

 

Written by:

Randall M

 

Date added:

October 29, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 282

 

Was viewed:

2735 times

 

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Essay content:

The process must be consistent and open so that R&D executives and managers understand and buy into the decisions. Why Analytica? According to project leader, Joseph DiGiacomo, Gore chose Analytica because it offers (1) representation of uncertainties, with Monte Carlo for probabilistic simulation and sensitivity analysis, (2) transparency by providing a visual interface and well-documented model structure, and (3) scalability with flexibility and modularity to allow it to "grow without growing out of control"...
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Each project has a "Facilitator" who is a champion of the assessment process, with skills in modeling and guiding the process. He facilitates an interdisciplinary "Core team" of experts that gather data, understand the context, and generate the development options to be evaluated. The process characterizes the uncertainty to understand the overall risks, and analyzes sensitivities using a tornado diagram to clarify which uncertain inputs make the most difference...
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