• Predictive Analytics for Improved Cost Management  



Blog



In our last Part I blog, we introduced the capability of estimating key-input drivers based on early-stage metrics that represent requirements.  We even produced a CER based on a data-driven multiple regression, i.e., a linear model predicting Functional Complexity based only on two Key Performance Parameters (KPPs).  So how could you do the same?  Import the spreadsheet (given last time) into TrueFindings.  Note that spreadsheet row names now become the knowledgebase “column” fields.  Now per below, the first tab-function “Distribution Finder” shows descriptive statistics for all or selected criteria— The second tab-function “Dependency Finder” allow us to observe possible simple ...
Predicting cost from requirements is a fundamental goal of parametric estimating.  Many say they do it.  But often, analogies are not based on rigor and do not represent organizational experience/productivity not capture the complexity of project deliveries driven by requirements. TruePlanning allows for calibration of the latter.  TrueFindings allows for aggregation, filtering and analysis of these calibrations.  But then what?  How can this knowledge base of calibrated metrics best be utilized? The answer is aligning knowledge of corresponding requirements that drove the costs that informed the calibrations.  In this way, we predict an appropriate set of model input-drivers based on the organization and ...
As a Hybrid / Monolithic Microware Integrated Circuit (MMIC) designer back in the day, and then later on when I actually had to perform cost estimates for new Hybrids and MMICs, I sure wish I had a tool like TruePlanning Microcircuits at my disposal. This tool makes estimating the cost of both of these types of circuits a breeze. With just a little bit of data I can literally estimate the cost of one of these circuits in minutes! Actually gathering the data is definitely the harder part of the process. For a MMIC, all it really takes is ...
Welcome to PRICE TruePlanning® Microcircuits. Prior to the release of TruePlanning® Microcircuits, you have always been able to model / estimate the cost of electronic hardware at the assembly level down to the circuit card assembly (CCA) Level based on estimated weight and complexity inputs, but now, with TruePlanning® Microcircuits, you can model electronic modules down to the individual chip and component, to provide more detailed, accurate electronic assembly estimates.  TruePlanning® Microcircuits provides full support for estimating hybrid modules as well as monolithic integrated circuits (ICs). IC types include digital and analog circuits of all types, including ASICs and monolithic ...
We’ve kicked off a study of the cost impacts of various development standards, and this post discusses a customer request on the cost impacts of IEEE/EIA 12207. IEEE 12207 establishes a common framework for software life cycle processes, with well-defined terminology that can be referenced by the software industry [1].  Adherence to this standard helps to eliminate misunderstandings between contractors and procurers and significantly improves chances of mission success, a major part of which is preventing cost and schedule overruns [2, 3]. IEEE 12207 contains a set of management, engineering, and data requirements for all parties involved (acquirers, suppliers, developers, operators, ...
TrueMapper now integrates with Aceit 7.4. This is good news for users of Aceit 7.4. As there may still be some Aceit 7.3 users as well TrueMapper still continues to integrate with Aceit 7.3. In order to accommodate the ability to target multiple versions of Aceit and manage the fact that the number of 3rd party applications that TrueMapper integrates with is increasing, it was a good time to redo TrueMapper’s menus. As can be seen in the screenshot below, the latest version of TrueMapper has rearranged its menus so all of the 3rd party integrations are contained in ...
Introduction As part of PRICE’s commitment to meeting its customers’ needs, PRICE will occasionally release beta versions of its software in order to provide an urgently needed fix or enhancement for a customer or enlist the help of customers in performing final testing. TrueMapper receives frequent enhancements and customers frequently use beta versions. This blog will describe how to download, and install beta versions of TrueMapper as well as manage having multiple versions of TrueMapper on a single computer. Downloading Beta versions of TrueMapper will be made available through links on our Amazon server. Links will look something like: https://s3.amazonaws.com/CompanionApps/2014SR2/TrueMapper_14.2.5582.16609.zip To use ...
The Business Executive Executives typically challenge their managers of Finance, Engineering and Project Management with reducing risk, reducing cost, and increasing efficiency.  With TruePlanning, the latter can effectively and quickly estimate, evaluate, and direct – whether with initial bids, design trades, alternative analyses, or engineering changes.  With a life cycle approach to Program Affordability Management, these managers can readily accelerate value to the customer, integrate processes, and improve the effectiveness of project selection, control, and delivery. Improve overall cost control and program management, by integrating cost estimating tools into life cycle cost management processes. ...
Business Executives are impacted directly by the organizational use of True Planning in establishing budgets, winning projects and managing programs.  The ultimate value-adds are improving bid success ratio, bidding more competitively, and improving project win rates with insights for more competitive bidding.  The Executive will see overall improvement in organizational ability to win new business as well as renewal/expansion of customer funding.  Use of True Planning and PRICE tools/services translates into developing winning proposals with the right balance of capability versus price, compliant with prospective customer requirements as well as compatible with organizational costs. Improve bid/no-bid ...
The Business Executive attains greater opportunities for more profitable engagements, empowered by effectively leveraging agile, data-driven, credible estimating solutions.  The implementation of TruePlanning immediately affords a more strategic view of life cycle cost estimation to improve the organization’s efficiency— from better planning and better priority setting, through cost estimation of the entire program life cycle.  With improved cost estimating accuracy and insight according to actual experience, the Executive improves customer trust, improve confidence in innovation, and ultimately improve both top-line as well as bottom-line growth. Make well-informed decisions, about programs and projects across the total lifecycle, ...