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VirtECS® PlanIt Features

Key Questions for a Project Portfolio

  • If all my data is correct...
    • ...what is the best portfolio?
    • ...what resources are limiting?
  • If not, which incorrect data values will cause problems?
  • Given significant uncertainty in the data...
    • ...which data should be reviewed carefully?
    • ...what are the best portfolio choices given the info I have today?
    • ...to what level do I fund each project or opportunity?
  • Given the range of payoffs and unexpected changes...
    • ... what portfolio value and variance can I expect?
    • ... how likely are resource shortages to occur (and where?)
    • ... is the chosen portfolio too risky?
  • What reassignments in staffing give significant benefit?
  • What increases in staffing would give significant benefit?
VirtECS PlanIt was designed specifically to answer these questions.

Key Features Addressing These Questions

  • Rapid Optimization subject to User-Specified Constraints
  • Strategic Factors as well as Financial Metrics
  • Parametric Analysis to Identify Decision-Critical Variables
  • Sensitivity Analysis to Identify Highest Impact Metrics
  • Project Variants - Accelerate & Decelerate
  • Monte Carlo Simulation to Evaluate Portfolio Scenarios
  • Exploratory Simulations to Identify Project Selection Frequency
  • Robust Stochastic Optimization under Uncertainty
  • Portfolio Value & Resource Usage Distributions for Risk Assessment
  • Re-staffing Mode to Consider Shifts in Resource Types
  • Efficient Frontier Generation Automatically
  • Exploratory Data Analysis
Learn More
VirtECS PlanIt | Benefits

Lilly Uses VirtECS® STAR

This journal article describes the use of VirtECS as an enhanced capacity management system. In this implementation, VirtECS draws data from SAP. In general, VirtECS can draw data from a variety of sources.

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VirtECS® Scheduler Designs Bristol-Myers Squibb Biologics Facility

A journal article from Biopharm International demonstrating the use of mathematical programming methods for automated generation of production schedules in a large industrial biologics facility.

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VirtECS® Scheduler Gets Folgers Coffee Plant Back in Business

Technology developed by West Lafayette-based Advanced Process Combinatorics, Inc., a Purdue Research Park company, has helped Procter & Gamble Co. get its massive coffee manufacturing facility in New Orleans back in business.

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Have Questions?

Feel free to contact APC with general questions, to discuss a decision problem in detail, or to see a demo of a product.

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Advanced Process Combinatorics, Inc. - Scheduling, Optimization, Capacity Planning | 765.497.9969 | Contact Us

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