Abstract: A computer system and method for managing simulation artifacts is disclosed herein. The method includes parsing at least one first workspace associated with simulation of at least one first product to generate one or more first simulation artifacts. Further, at least one knowledge graph is generated by mapping the one or more first simulation artifacts corresponding to the at least one first product to a predetermined ontology model. Further, a user's intent to modify at least one second simulation artifact in a second workspace is captured based on interaction of the user with a simulation modelling user interface. The second workspace is associated with simulation of a second product. Further, one or more recommendations for modifying the at least one second simulation artifact are generated, based on one or more properties of a contextually similar first simulation artifact, and displayed on the simulation modelling user interface.