• Predictive Analytics for Improved Cost Management  



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Original Post Date: Monday, August 8, 2011  PRICE Systems is involved with the formulation of the total Life Cycle/Whole Life of systems of systems and is asking the question, "Is the META 'V' on the right track?" INCOSE is considering the total life of the system, the traditional Development Engineering V must be expanded to account for the life of the system beyond Initial Operational Capability.  In this writer's opinion, we have to extend the development V to account for this with this Meta-V concept.  The Affordability Working Group recognizes that IOC is:  The initial release of both the Primary and Enabling ...
Original Post Date: Monday, August 1, 2011 After many years of working with systems engineers and design engineers it became apparent to me that the cost of the system they were designing / building mostly seemed to be an after thought. Maybe not by the Lead Systems Engineer or Program Manager but certainly down in the trenches. The engineers working at the subsystem, component, and element levels always expressed frustration with having too much to think about to add one more variable, such as cost estimation, to their work load. I posit that this can no longer be the case. In ...
Original Post Date: Friday, July 29, 2011 PRICE Systems is integral in the INCOSE Design for Affordability Initiative as a vital member of the Working Group Internationally. The INCOSE Affordability Working Group’s definition of Affordability is: Affordability is the balance of system performance, cost and schedule constraints over the system life while satisfying mission needs in concert with strategic investment and organizational needs. The INCOSE Affordability Working Group’s definition of SE Design for Affordability is: Design for Affordability is the Systems Engineering practice of balancing system performance and risk with cost and schedule constraints over the system life satisfying system operational needs in ...
Original Post Date: Wednesday, July 27, 2011 Open Source software is software that is distributed publicly with all of its source code.  Users of open source software are encouraged to review the source code, make changes to it and share those changes with the rest of the user community.  The value in open source is that providing the source code to the user community allows those in the community who are willing and able to make improvements, add features, and fix bugs. Open source takes the notion of peer review to the next level.   It means that instead of ...
Original Post Date: Wednesday, July 20, 2011 Electronics Complexity and Quality Levels…   The PRICE Calculator for Electronics Manufacturing Complexity, shown below, has a subtle but very powerful feature for Quality Adjustment, based on Mil-Hdbk-217E Quality Levels.    The above shows “None” which yields the standard MCPLXE, in this case a 8.07 value applying 100% Large Scale Integrated Circuits for Display (with CRT) equipment as an example. Yet, in the course of estimating a mission-critical automatic tester  with multiple controller-card assemblies for an airborne-military platform, I adjusted for more stringent quality levels—specifically “S-1” level consistent with Mil-Std-975/ Mil-Std-1547 per below.   Note that ...
Original Post Date: Wednesday, July 20, 2011 How many golf balls would it take to circle the Earth at the equator?  Submit your estimate in the comments section!
Original Post Date: Tuesday, July 12, 2011 Check out this article from CIO magazine about managing your project budget.   The author, Jason Westland, suggests four things necessary to maintain control of your project budget.  While these are not earth shattering suggestions, sometimes project managers in the throes of a project can lose sight of their importance.  The strategies are: * Continually forecast the budget * Regularly forecast resource usage * Keep the team informed * Manage scope meticulously Or to put it another way – respect and revisit the Project Management Triangle.  (To learn more about the Project Management Triangle go to this ...
Original Post Date: Monday, July 11, 2011 There is a ton of code out there and we’re constantly adding more.  Gartner reported in 2009 that there were more than 310 billion lines of code in use worldwide. MS Word has grown from 27,000 lines of code in the first version to about 2 million in 2010.  The Windows Operating System grew from 3 million lines of code in 1992 to 20 Million in 1998.  You get the point – there’s lots of code out there doing lots of the same things that we may want our software to do. One ...
Original Post Date: Tuesday, June 21, 2011  What percent of active U.S. military personnel are from the Marine Corps?  Submit your estimate in the comments section!
Original Post Date: Friday, June 17, 2011  Building transparency and traceability into your estimating process leads to more defendable estimates and we can help you do that. We will demonstrate how historical data is transformed into predictive models.   You will learn how your data can be synthesized into custom models that can be employed in support of third party models within a single analytical framework. Learn more at our webinar on June 29th @ 11am Eastern.  Reserve your no-charge; no obligation webinar seat now at: https://www2.gotomeeting.com/register/372682434