In recent years, many business education programs have focused on the development of competences, instead of knowledge transfer. For this reason, various innovative training approaches were adopted, including educational simulations. The increasing availability of the simulation resources also contributes to the proliferation of simulation in business education curricula. The chapter presents how the simulations were introduced in a Master degree program on Project Management, in project planning and controlling module. The Master program has a blended-learning approach, which nicely fits to the simulation requirements. The simulations are based on an agent-based model of the project resource leveling process, part of the project planning and scheduling topic. The authors made several evaluations of the students’ results before and after the simulations. The main conclusion of the experiment is that the educational simulations improve the competence development process, only if they are properly designed and performed.
A Cost Optimization Model for Multiresource Leveling Problem without Project Duration Constraint