A power system model parameter conditioning tool including a server control processor in communication with phasor measurement unit monitored data records of multiple disturbance events, a model calibration unit providing event screening, power system model simulation, and simultaneous tuning of model parameters. The model calibration performing a simulation using default model parameters, the processor comparing the simulation results to the monitored data. If the prediction is within threshold, then terminating conditioning; else performing parameter identifiability analysis to determine differing effects of various model parameters on power system model accuracy, selecting a parameter set causing a degradation in power system model prediction, and updating the default model parameters corresponding to members of the parameter set with values selected to reduce the degradation. A method and a non-transitory computer readable medium are also disclosed.