Developing a simulation governance strategy is necessary to build and nurture modeling and simulation capabilities and a company’s confidence in those capabilities. It emphasizes the essential role of senior executive management to set the tone and send the message of how simulation will be used for product development and manufacturing, lifecycle support, and for decision-making. It addresses the organizational capability, confidence, and understanding. As such, this is a classic business problem that involves people, processes, and technology; all three needing to be addressed together and throughout the organization.