• Predictive Analytics for Improved Cost Management  



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In previous versions of TruePlanning, it was difficult to add items relating only to Life Cycle. Adding a Hardware element meant having the Weight of the object added to the Assembly and System weights. In TruePlanning 2016, a Life Cycle only (no Acquisition Costs), may have zero weight. The Life Cycle inputs are effectively separated from the Acquisition inputs. You can give an object deployment, Maintenance and Spares locations, Hours of Operation and individual costs and shipping weights. These values will give all the necessary Life Cycle outputs, without affecting the Acquisition Costs. For further details, please consult your named PRICE System Solutions ...
If you’re like me and subscribe to or follow sites and people who care about software, it is likely you are regularly barraged with emails, Tweets, LinkedIn Updates, etc. discussing technical debt and attributing many computer related disasters to be a direct result of technical debt.  The notion of technical debt was introduced in 1992 by Ward Cunningham, writing “Shipping first time code is like going into debt.  A little debt speeds up development so long as it is paid back promptly with a rewrite” [1].  The term technical debt is often used as a metaphor to help ease ...
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 ...
In my first blog of this series I introduced you to the Four Pillars of the Affordability Process (As a reminder: the definition of Affordability is: Affordability is the process that balances performance with price to meet customer needs.). They are: Management Support Methodology Training Tools/Automation In this second blog, I will give you my insight and write specifically about the First Pillar: Management Support. It is my personal experience that Management Support of the Affordability Process is the single most important factor that will enable Affordability to flourish ...
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 ...
My name is Bill Williamson. Welcome to my blog. I have been in the Defense Industry for over 30 years. I am an affordability and cost estimating subject matter expert (SME). I have 25 years of experience as an Affordability Manager and Cost Estimator. I am an expert in both the PRICE TruePlanning and ACEIT cost models. For my first series of blogs I am going to write about the four pillars of the Affordability Process and provide you my unique insight into making the process work for your program. The definition of Affordability is: the process that balances performance ...
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 ...
Last week as I sat in my office gazing out the window, I was struck by the throngs of people outside my window lurching distractedly through the parking lot staring at their phones.  Turns out that the water tower in the back of our office is a Poke Stop – part of the new Pokemon Go craze.  In case you live under a rock, Pokemon Go is the new smart phone game that allows one to wonder around the real (physical) world collecting Pokemon.  The game can be downloaded for free for either the iPhone or Android.  Once you ...
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 ...