• Predictive Analytics for Improved Cost Management  



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Check out this article on “The History and Purpose of the Capability Maturity Model (CMM)” (https://toughnickel.com/business/The-History-and-Purpose-of-the-Capability-Maturity-Model-CMM) It provides an interesting and thought provoking accounting of how the Carnegie Mellon University’s (CMU’s) Software Engineering Institute (SEI) came to be and how the quest of NASA and the US Air Force lead the charge to improve software quality.  According to the article – “The Capability Maturity Model was developed to ensure success when success really matters – at NASA and in the military where lives are on the line and success is survival”.  The problem the industry had with this quest ...
In my previous blog, I discussed the newly available in TP2016.0 (16.0.6187.2) API feature of calibration. Now reliable and repeatable calibrations can be set up through the TruePlanning API easily and quickly. For most users the standard calibration usage will be all they need. That said, there are some users who would like to use a feature that is available the TruePlanning Calibration GUI: the ability to calibrate multiple inputs in one calibration.  The most common reason to use a constant in a calibration is to find a single value, such as Organizational Productivity, across multiple Cost Objects that yields ...
Of the many features that help TruePlanning stand out as the premier predictive cost analytics tool, TruePlanning’s ability to calibrate is frequently cited by users as the most important feature in TruePlanning. Users can create models that are highly tuned to the organizations and processes that they are modelling. The 50,000-foot description of calibration is to increase the fidelity of a model to a known process or organization by using ‘actuals’ (known result data) and driving TruePlanning inputs so that the known values are obtained. A concrete example would be knowing the number of hours it took create a ...