• Predictive Analytics for Improved Cost Management  



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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, ...
I wanted to share a spreadsheet I’ve put together that helps with learning curve calculations and pulling out multiple production lot data showing the learning effects.  It provides useful lot information such as lot average unit cost and lot total costs with the effects of learning curves, escalation, and everything else factored in.  It also has a tab for doing some basic learning curve calculations in multiple lot scenarios by hand and viewing a set of useful metrics. We want all of this kind of information to be available in TruePlanning for the next release.  We’ll have new multiple production ...
Being that software measurement is a topic of great interest, I will occasionally look to Google for inspiration and trends.  Often these searches will return several of my own papers and it’s fun to revisit them and think about how much as things change, they remain the same. Recently, I stumbled across a paper I had written many years ago – it was in fact the second or third article that I had published in a magazine (see the article here).  I read through it briefly and was really struck by how relevant it still is today.  The paper ...
Introduction Phoenix Integration’s ModelCenter application provides users an environment where they can mix a variety of software applications together to perform analysis and trade-off studies.  PRICE’s TruePlanning cost estimation software was one of the first application to have a dedicated plug-in created to be used in ModelCenter. This document provides guidance on how to install and use the TruePlanning plug-in for ModelCenter. For more information on using the ModelCenter application, please consult the ModelCenter documentation. Installation Versions: TruePlanning versions are considered independent applications and can be installed ‘side by side’. The same is true for the TruePlanning plug-in to ModelCenter.  As seen ...
The Federal Information Technology Acquisition Reform Act (FITARA) which Congress passed in December of 2014 is touted as the “biggest legislative overhaul in nearly 20 years to the way the federal government procures, budgets and maintains IT”  (read more in this report).  And even in this day and age of extreme political gaming, one issue on which there is consensus in Washington and across the country is the fact that the federal government (and the American people) would certainly benefit by getting their IT house in order.  The act strives to put the authority and responsibility for IT decisions ...
Recently I was asked for more detail about the implementation of COSMIC Function Points as a functional size measure for the software estimation model in TruePlanning® (True S).  Common Software Measurement International Consortium (COSMIC) is a group of software measurement experts who in 1998 recognized the need to improve on the traditional function point methods.  Because the origin of International Function Point User Group (IFPUG) Function Points with IBM, the method tends to favor business systems (though advances have been made to extend IFPUG Function Points with “Software Non-Functional Assessment Process (SNAP) – more on this to come in ...
I have just been perusing the latest issue of Crosstalk – The Journal of Defense Software Engineering.  I always start at the back with Backtalk.  This generally provides a more light-hearted opinion on the current issues theme.  This issues Backtalk (as is true with many issues recently) was authored by David Cook, a professor at Stephen F Austin State University.  This is particularly appropriate because this month’s issue is focused on the state of software education – who better to have an opinion than someone whose job it is to deliver that education. In the article David talks about the ...
Original Post Date: Friday, January 9, 2015 Do you generate cost growth S curves? S-curves and Percentile tables are generated by the Risk tools which can reflect mass growth and growth as modeled in other input uncertainties. Per our discussion, note that NASA typically requires mass growth to reflect Optimistic = CBE, Most Likely = CBE + Contingency and Pessimistic = Most Likely +30%. To watch the "Best Practices using the TruePlanning Space Missions" Webinar, click here.