• Predictive Analytics for Improved Cost Management

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## Manhattan Beach - Estimating & Analysis Best Practice Workshop - April 27th

Original Post Date: Tuesday, March 29, 2011 MCR and PRICE Systems are proud to sponsor the upcoming Estimating & Analysis Best Practice Workshop at the Marriott Manhattan Beach on April 27th from 7:30 am to 2:30 pm. This FREE workshop features government and industry speakers discussing how the current fiscal environment impacts the day-to-day estimating challenges faced by government program offices and their commercial counterparts.  These events seek to bring leaders together to share ideas and experiences about their most pressing issues. We are looking to professionals, such as you to contribute ideas and best practices.  For more information or to ...

## Estimation Trivia-03-29-2011

Original Post Date: Tuesday, March 29, 2011  How many windows are there in the U.S. Pentagon?  Submit your estimate in the comments section!

## Estimation Trivia

Original Post Date: Tuesday, March 22, 2011 On average, how many times does a jogger's heel strike the ground per mile?  Submit your estimate in the comments section!

## Estimation Trivia-03-16-2011

Original Post Date: Wednesday, March 16, 2011 Happy St. Patricks Day!  The average American eats 4.4 lbs (2.0 kg) of baked beans annually;  what is it for Ireland?

## Work Breakdown Structures are Workable!

Original Post Date: Wednesday, March 16, 2011 True Planning results have many options, including viewing Costs by Activity. While simple, this view can be quite powerful, especially when exported for re-organization manipulation.  In a recent exercise, the WBS mapping of common objects, estimated by separate multiple scenarios, presented a non-trivial chore in Excel. “Transposition” features work fine for matrices, as do pivot tables. But how does one map object by activity grids into activity lists, similar to MIL-STD 881a, with singular “roll up” instances of all nonzero object costs?  The secret is in how True Planning appends each activity output with the [object] tag. Once exported ...

## The cobbler's kids...

Original Post Date: Wednesday, March 16, 2011 ...wear the worst shoes. The cobbler was a master at his craft; he was just too tired to practice it when he got home from the shop.  Sound familiar? A disciplined approach to understanding (functional) requirements as well as analogous projects (with actuals) is our not-so-secret sauce. Why run the risk of creeping back up our career learning curve? There’s already enough scope creep to keep us busy. Plus, for you management types charged with prospecting, a consistent approach towards estimation is a great way to connect with people who've felt the pain of being the cobbler's kids. I recently reconnected ...

## Me and quality

Original Post Date: Wednesday, March 16, 2011 In Parametrics is Free, I acknowledged receiving (too late) “you should’ve known to ask that” over the years. Quality control after-the-fact is fine; but it’s better and cheaper to take a systematic approach to quality assurance as part of your estimating process. The sheer volume of what we model can often keep us so close to the details that we are unable to step back and put on our QA hat on for a sanity check. Enter Quality! On a very large project, our team has introduced a few regular cross-checks, notwithstanding typical math check-sums.   A round table peer ...

## The perfect swing

Original Post Date: Wednesday, March 16, 2011 I’m not a golfer. But we’ve all heard one say “that’s why I play” after hitting a shot and feeling like it all came together. What “it” is, in terms of mechanics and timing, I’m not really sure.  In our own world of parametrics, it’s the feeling of adding value in that golden moment of facilitating decisions and forward momentum. We wear many hats: estimating, consulting, systems engineering...even cost accounting.  Building an AoA, ICE or ROM is where rubber-meets-the-road in regards to configurations and assumptions.  Not too long ago I was in a discussion with a number of Subject Matter Experts ...

## Data Driven

Original Post Date: Thursday, March 10, 2011 My previous blog discussed a “Should Cost” methodology used by PRICE Systems to complete an analysis. In the article I included a chart depicting calibration results for manufacturing complexities for each weapon system (X-Axis). Manufacturing complexities are a major cost driver within the model. This parameter can be derived from model knowledge tables, generators or from calibration. Many times the calibrated results are simply averaged and used for predicting cost for the new system. This assumes that the new system is very similar in technology and performance as the systems used for calibration. In general this is not the ...

## Estimation Trivia-03-08-2011

Original Post Date: Tuesday, March 8, 2011 How many passengers does the world's largest jetliner, the Airbus A380, hold?  Submit your estimate in the comments section!