A Digital Twin Leadership Class with Dr. Michael Grieves

Successful Digital Twin Business Essentials

Understanding, Assessing, and Communicating Strategy and Value

Monday, June 19, 2023 - 1:00 pm – 5:00 pm

PRICING:

Non-Member: $995
DTC Member: $895

Only 20 spaces available. Register now to reserve your seat!

Abstract

To ensure digital twin projects are adequately supported to help reduce costs, improve efficiency, and increase customer satisfaction, project proposals should provide clear and concise explanations of the technology and its potential benefits. This requires a holistic focus on the business value digital twins can bring.

Digital twin implementations can only deliver these positive impacts on an organization if they can be approved and funded by management. However, management will not fund projects that they do not understand, are not financially and strategically justified, or are highly uncertain or risky. Highly technical projects, a category that includes Digital Twins, can be especially problematic if presented in terms management does not fully comprehend.

In this four-hour class, Dr. Grieves, the originator of the digital twin concept, will lay out digital twin concepts in management and board-level terms, describe the drivers that management looks for in projects, identify the assessment categories needed for digital twin projects, and propose the elements describing value and risk required for a successful digital twin project proposal.

Hotel Information

Loews Royal Pacific Resort at Universal Orlando
6300 Hollywood Way
Orlando, FL 32819
Tel: +1 (407) 503-3000

Room Rate: Single/Double Occupancy: USD$220.00
plus 12.5% tax (sales 6.5%, occupancy 6%)
(Available while supplies last).
CALL - +1 (866) 360-7395
- Reference the Object Management Group Rate Code.

On Line Reservations

Key Takeaways

Participants in this course will:

Gain knowledge of the basic principles, concepts, and enabling components of digital twins.
Determine how classical SWOT (Strength, Weakness, Opportunity, and Threat), risk, and financial analyses apply to digital twin projects.
Obtain the ability to understand, assess, and evaluate digital twin projects and their value
Develop use cases that consider technology, people, process and practice.

Class outline

Describe the digital twin model, its related technologies, and its potential evolution.
Define digital twin value, how it is realized, and its strategic and financial evaluation implications.
Identify digital twin use cases and value to the organization.
Assess and evaluate digital twin project proposals and your organization’s readiness and needs..

Dr. Michael Grieves

Dr. Michael Grieves is an internationally renowned expert on digital twins, a concept he originated, and Product Lifecycle Management (PLM), a discipline for which he wrote the seminal book, “Product Lifecycle Management: Driving the Next Generation of Lean Thinking.” Dr. Grieves has over five decades of executive, board, and technical experience in both global and entrepreneurial technology and manufacturing companies. He has consulted and done research at some of the top international organizations (NASA, Boeing, GM, Unilever). He has served as a senior executive and/or board member at Fortune 1000 companies, entrepreneurial, and non-profit organizations.

Academically Dr. Grieves had appointments, research, and/or taught at the University of Michigan, Purdue University, and the University of Iowa. He currently has an appointment at the University of Central Florida.