• Predictive Analytics for Improved Cost Management  



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A recent discussion with family and friends regarding customer service steered me to write this blog.  We determined that the “human” touch is almost extinct in today’s high technology, hurried world.  It is often difficult to get a living, breathing person to help you when you have a questions or concern with a product you purchased.  It appears that the bottom line has become the driver and ultimate decision maker for businesses. I was excited to share that I work for a company that still believes that customer service is the bottom line and that the “human” touch is ...
For those reading from my last post, let’s say you wanted to use one of our templates to model your own project. The project in question is an aircraft in the development phase and you know nothing except for its overall desired weight and its intended max speed is Mach 3. Let’s search in the PRICE server: After entering the “aircraft” category, you will see a wide assortment of aircraft related projects. Since we are trying to estimate a supersonic aircraft, click the “Aircraft Template 881C” project. The project was constructed based on our research of supersonic fighter aircraft, which ...
The 881C templates have been desired heavily by PRICE users long before PRICE even knew who I was. Now that I’m here, have a year under my belt, and have the template number approaching the century mark, I think it’s time I updated everyone on what’s going on and the plan moving forward. First off, let’s take a minute to fill everyone in. The PRICE templates are based on the widely used MIL STD 881C product breakdown structures. In other words, these templates are projects that the cost research team made in TruePlanning® to model helicopters, fighter jets, battleships, tanks, ...
In my first blog of this series I introduced you to the Four Pillars of the Affordability Process. They are: Management Support Methodology Training Tools/Automation In this third blog I will give you the benefit of my insight and experience by writing specifically about the Second Pillar; Methodology. In my experience it is a written Affordability Methodology that is the heart of the Affordability Process. The Methodology breathes life into the process and details the specific requirements to implement and make an Affordability effort successful. A written Affordability Methodology does ...
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 ...