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Original Post Date: Wednesday, September 1, 2010 Because I have enrolled in several on-line fiction writing workshops, I regularly receive newsletters about upcoming events in the world of fiction writing.  Several weeks ago I was quite intrigued when I received an invitation to enter a ‘Hint Fiction’ writing contest.  Here I don’t even know what hint fiction is and someone thinks I might be good enough at it to enter a contest – who knew?    Naturally, I Googled hint fiction (how did we get by without Google?) and found out that it is  “a story of 25 words or ...
Original Post Date: Thursday, August 26, 2010 I  recently moved and thought about the need to do a new household budget. This got me to thinking of the budgeting capability in TruePlanning. First, you can use TruePlanning to determine a budget. The time phased output, either monthly or annually, is ideal for establishing a budget and budget profile for your project.  TruePlanning also splits the time phased costs into development, production, and operating and support categories. Be cautious, however, in using the Phase report. The System cost object costs are assigned by schedule duration, which may not necessarily reflect the actual project cost flow. A better choice may ...
Original Post Date: Friday, August 13, 2010 If you want to read an interesting article on EVM – check out ‘The Three Deadly Sins of EVM’  by Mike Mullaly.  In it he reflects some of my personal feelings about EVM but he does this much more eloquently than ‘it’s a crock’.  OK – while I have actually said that out loud – it’s probably a little too strong.  I do think that EVM may be a good tool to have in the toolbox – it’s just not the project panacea that so many make it out to be.  And it ...
Original Post Date: Friday, July 30, 2010 Earlier this week I presented a webinar on the topic of SOA governance – specifically focused on making sure that organizations include SOA governance as they plan to deploy SOA capabilities.  As sometimes happens when I am giving a presentation (especially one I have given before), I was struck with somewhat of an epiphany as I was relaying the material on my slides.  In this case it was not really a new idea about the material, but more a deeper understanding of why this topic really is important. To be honest, when I first ...
Original Post Date: Thursday, July 29, 2010 The following is an extract from a paper written in 1978 from one of the founders of PRICE Systems:  Two questions are often asked by those unfamiliar with TruePlanning’s approach to cost modeling: What is your CER (cost estimating relationship)? And what is your data base? These questions are closely related.  Both are based on the assumption that the PRICE modeling approach is the same as that customarily used in developing cost estimating relationships.  This is not the case.  The customary approach is to first gather as much relevant data as possible, then screen the ...
Original Post Date: Thursday, July 22, 2010 Recently the Director of the Office of Management & Budget (OMB), Peter Orszag issued a directive that was posted on the OMB blog that outlined three specific actions for IT reform. The actions include a freeze on all new IT modernization task orders for financial systems, reviews of current high risk IT projects and require agencies to submit improvement plans to the CIO; thirdly, the OMB Deputy Director will develop recommendations within 120 days to improve the federal government’s overall IT procurement and management practices. Orszag states: “While a productivity boom has transformed private sector ...
Original Post Date: Wednesday, June 23, 2010 I have been working with several clients on data collection and repository creation this spring. One common theme that comes up is what data to collect and how to use it to make intelligent decisions about projects. And that’s the impetus for my little limerick above.  The goal of data collection is wisdom. In the estimation world wisdom means knowing when it’s safe to bet your shirt on this new project you want to initiate. If you keep that perspective in mind it becomes much easier to identify what information you need to make wise decisions and ...
Original Post Date: Tuesday, June 15, 2010  I recently read a great paper by Glenn Buttes and Kent Linton, NASA’s Joint Confidence Level Paradox – A History of Denial.   In it, the authors present a  very detailed analysis of many failed NASA projects along with some compelling theories on why so many projects fail and what can be done going forward.  While I’m not here to summarize their findings – interested parties can hit the link above and learn for themselves, there was one extremely interesting jewel in this paper that I felt the need to share. The reason I ...
Original Post Date: Thursday, May 13, 2010  Earlier this week I conducted a webinar intended to make PRICE users aware of the Cost Research Services available to them as part of the license fee they pay to use PRICE products. I thought I would recap the highlights of this webinar for those of you who might have missed it. At PRICE we understand that cost estimating tools, while useful and valuable, do not always present the complete solution. Every single cost estimation projects presents new and unique challenges.  We think it's important that in addition to solid, time trusted cost estimating models, ...
Original Post Date: Friday, April 30, 2010 I have been frequently asked to do crosschecks on other people’s software cost estimates which are potentially done in a variety of tools from spreadsheets to SLIM. One of the common operator errors I see from other users is not understanding what activities and resources are included in the outputs of the particular tool that they are estimating with. This is akin to deciding between two cars and not knowing if both come with the same sets of features (stereo, AC, heated seats).   With software estimation tools you need to know what work is getting estimated ...