Skip to content

Ask the Experts: ROI and the Case for Simulation

If you plan on introducing or growing simulation within your institution, someone in your approval structure is likely to ask, “What’s the Return on Investment, the ROI?” For you to be successful in addressing that issue, experts advise that you find common ground by engaging and involving senior stakeholders from the start.

Making the Case for Simulation

7 Steps to Navigating the ROI Discussion

In this article, we highlight ways in which you can successfully manage the ROI discussion by:

  1. Owning your part of the math, not all of it
  2. Getting real about your problem
  3. Keeping your simulation solution simple and focused
  4. Being specific about major gains
  5. Creating advocates in the boardroom
  6. Demonstrating the ability to produce short-term gains
  7. Putting it all together

Download Article