• Predictive Analytics for Improved Cost Management  



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TruePlanning 2016 takes a large step forward in allowing Maintenance calculation. For example, in previous versions of TruePlanning, the only way a user could specify different on equipment maintenance was by adding a complete worksheet to change the percentage of work done on the equipment. TruePlanning 2016 has a number of Life Cycle inputs added to Hardware and COTS objects to make calculation easier. Among the most important are: Average Number of Parts per Repair – Complex repair may need more than one part per repair. False Failure Fraction - Some pieces of equipment may have ...
As a new trainer/mentor for PRICE Systems, I try to mitigate the uncertainty that each training/mentoring session might expose.   As is typical, questions that often need a deeper answer that we were prepared to provide.   At a recent training session, we were asked for specific instructions on how to export the TruePlanning® cost model into ACE-IT.  Upon returning to my office, I researched the topic in the Help section of the model and was unable to find step-by-step instructions to accomplish this task.  The guidance in the help section states, “You can share TruePlanning data with others by exporting ...
While employed with the federal government as a cost estimator/analyst, I traditionally used a Work Breakdown Structure (WBS), more specifically, an 881C template, when doing a cost estimate.  I was introduced to PRICE TruePlanning®, which uses a Product Breakdown Structure (PBS), a few years after I started with the Department of Defense as a Cost Estimator.  Initial confusion and bafflement fell upon me—what is the difference and which breakdown structure should I use?  My search for clarification created an opportunity to address this subject briefly in hopes that it helps others with the same questions and confusion I dealt ...
If you’ve taken my Software Training class, you’ve heard me use the analogy of “taking someone else’s spreadsheet and adding your own logic” to distinguish between modifications, adapted code and glue code.  But let’s take a step back to make sure we’re all in agreement {if not, blame me not the product!} #1.) To be clear, COTS is shrink-wrapped, ready-to-go with near-zero modification to core functionality.  Generally, we really prefer to see COTS modification no more than 10%. #2.) If this latter core functionality needs modification, then we recommend using the SW Component object with Adapted code, as well as Reused ...
TruePlanning® 2016 will be coming out very soon, and with it, we will debut a new set of cost estimation models for Operational / Site Activation / Deployment of automated information systems (AIS).  These models capture the costs of system deployment activities on one or more sites (study visits, installation, commissioning, migration, etc...).  These activities are performed in a design office and on the sites defined by the contract.  They begin at the end of the development phase and continue through the installation phase of the site’s systems. The model was built with the guidance from experts with 30+ years ...
TrueFindings helps users make sense of their data by allowing them to perform analysis that leads to the production of defendable estimates in TruePlanning. TrueFindings simplifies and promotes data management in a repeatable cost analytic-centric process. PRICE is always looking for ways to help users get the most out of the tools it provides. In TruePlanning 2016 PRICE will be providing a new high performance Excel interface and as part of this interface users will be able to move data from TruePlanning projects into an Excel file that can be natively imported by TrueFindings. TruePlanningXL is the new high ...
Part 1 & 2 described 2016’s updates in the Hardware and Software catalogs So what else new has TruePlanning 2016 got in store for its estimating models?  A significantly enhanced approach to estimating Information Technology equipment and Services! Our new approach to IT estimation is to treat deliverables as services which can either be delivered with in house resources or contracted (or some combination of the two).  The list is actually quite an enhancement to our acquisition-only approach-- Software and COTS Related Services –      Application Development Services –      Application Services –      Database Services Equipment Related Services –      End User Services –      ...
Part 1 described 2016’s updates in the Hardware catalog’s for Unmanned Space as well as Additive manufacturing (i.e., 3D Printing). So what is else is forthcoming in TruePlanning v2016, specifically the Software catalog? We’ve done some significant things actually--  Extended sizing with a RICEFW Calculator-- This existing option enhances the “Function Points from RICE” sizing calculator option with the addition of Forms and Workflows. The former counts the forms developed to meet agencies requirements not matched by standard forms in the ERP.  The latter counts the automated business processes that integrate tasks across business units, applications and ...
In our December blog, we described the upcoming Hardware catalog’s new Equipment Type calculator, enhanced significantly with new Unmanned Space manufacturing complexities, both for Earth-Orbiting and Planetary missions.  {We also emailed all customers with a link for updating this calculator in v14.2} So what is else is forthcoming in TruePlanning v2016, specifically the Hardware catalog?  Plenty! We’ve added an Additive Manufacturing Calculator--   The calculator derives a value for Manufacturing Complexity for Structure value (based on core equations from the Hardware Component model) using inputs such as Part Weight, Part Dimensions, Material Type, Manufacturer, 3D Printer, etc. -- The user can also specify post-processing ...
Introduction This document provides instructions on using a TruePlanning / Crystal Ball Solution that was created for a specific PRICE customer. The solution is based in a macro enabled Excel file. It is an enhancement of the generic TruePlanning / Crystal Ball solution and has been created to allow the customer’s personnel too quickly and easily setup and run analysis on TruePlanning projects using Crystal Ball. The customer had very specific requirements regarding the distributions to be used in uncertainty analysis and this tool was developed to allow them to use set the distributions they desired with minimal effort. The customer ...