• Predictive Analytics for Improved Cost Management  



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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 ...
This June, I presented at the “Government Contract Pricing Summit”. The topic of the presentation was the integration of TruePlanning and ProPricer. The participants of the summit were generally long time ProPricer users, but not familiar with TruePlanning, so it was a great opportunity to be able to meet new pepole in the price/costing world. When talking with long time ProPricer users the question I would ask them was: “Where do the hours come from?”  ProPricer is an industry leading software for the management and production of bids. ProPricer allows users to setup and maintain costing and burdening data, ...
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 ...
“This year companies are focusing their attention on private and hybrid clouds.  Numbers show that hybrid cloud adoption is on fire while Docker and DevOps’ presence becomes indisputable.  2015 may have been the year of the cloud, but this year it is unstoppable; if surveys are right, we should expect 2016 to become the true year of the cloud”.  According to Bernard Golden of CIO magazine, the battle of the infrastructure is over, applications will be the push going forward.  Businesses, especially small and medium size businesses have accepted the fact that in many cases moving their infrastructure to the ...
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 ...
While there was a time in my life when I was not a huge baseball fan – it was fun for a few innings but once I had my fill of hot dogs, peanuts and soda – I was ready to go home.  This changed the day my husband informed me that it was time to sign our four year old up for T-ball.  At least the transformation started that day.  As a mother of two up and coming little leaguers, I spent a lot of time watching baseball games.  And rather than be one of those mothers that ...
Last week I had the pleasure of attending the 30th annual COCOMO Forum in Arlington, VA.  As always it was an informative and enjoyable exchange of software and system estimating topics and challenges with some of the brightest practitioners in the industry.  Topics ranged from technical debt and software maintenance, early phase effort and schedule estimation, COSMIC function points and various data analytics topics.  In addition to the presentations there were several lively workshop panels discussing and debating future directions for the COCOMO and CoSysmo models (contemplating the 3.0 versions of each of these models. While all the talks were ...
For all you legacy PRICE-H users, your requests were heard loud & clear regarding estimation of multiple production lots, to include the option of specifying gaps between lot runs. The new Multi-Lot solution is controlled at the system-level via a Production Learning Gap Loss Factor  input.  It’s set at the top-folder object, under the Detailed Estimate input #62.  This input serves as a linear multiplier to adjust or eliminate the setback (gap) between lots of a multiple lot production run. This control hence allows you to account for more or less "loss of learning" during the gap.  Setback can be ...
We’ve wrapped up our first phase of research on the cost implications of Additive Manufacturing (AM), also known as 3D printing, and we have just begun phase two.  We teamed up with Additive Manufacturing groups in academia and industry, developed a research approach and estimating structure with the guidance of experts, and began collecting cost and technical data.  So far, we have gathered 648 datapoints from 3 organizations, which mainly includes data from 6 different printers.  The data are mostly for stereolithography (SLA) and direct metal laser sintering (DMLS) processes.  For our first cut at the data analysis, the ...