Abstract for: Application of System Dynamics to Project Prioritisation
This paper details the process that was followed in the development of a project prioritisation model using a system dynamics methodology. Key project prioritisation criteria for a specific research business unit were identified. The objectives in developing the model was to be able to prioritise mega-projects and to identify interdependencies, however, it was found that although the tool could prioritise projects using information obtained from the project proposals, interdependencies still required individual engagements with project team members and remains a time intensive process. This paper will focus on the development process followed for the simulation model.