Simulation have a lot of applications in different industries. Do a search on the internet and find one application software and talk about it.
Fitzgerald (2007) claims that Citigroup in relaunching a new retail banking product used the iRise simulation software which resulted to a significant reduction in post production changes by the IT department from 8,000 hours to 120 hours. This represents significant savings in man and computer hours which translated to cost savings for the new retail banking product.
The question therefore is …
This solution of 238 words looks at the simulation of the iRise software and identifies the weaknesses and strengths. References used are included.