• Predictive Analytics for Improved Cost Management  



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Calibration is at the heart of cost analytics and TruePlanning’s support for calibration is one of the features that makes the TruePlanning suite of products the premier suite for performing cost analytics. TruePlanning has a built in calibration feature that allows users to set up and perform calibrations repeatedly. Additionally, the Excel based Excel Solution provided by PRICE supports calibration efforts from Excel. The “new for TruePlanning 2016” TruePlanningXL also supports calibration from Excel. TruePlanningXL is a new Excel Add-in provided by PRICE to allow users to work more efficiently in Excel with the suite of TruePlanning products. TruePlanningXL only ...
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, ...
TruePlanning® 2016 will be coming out very soon, and one of its new capabilities is modeling of scheduled maintenance activities.  Our hardware operation and support (O&S) model has historically focused on the costs involved with unscheduled maintenance, which are maintenance activities that react to a situation (e.g. a system failure) that needs to be fixed or replaced.  However, scheduled maintenance can also be a significant cost, and this can now be captured by our hardware model.  Here are some example situations that can now be easily modeled. Scheduled maintenance is performed at regular intervals, which can be based on calendar ...
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 ...
Here’s a great article written by Charles Symon’s discussing current challenges in software project estimation and how different organizational cultures deal with them differently.  http://nesma.org/2015/10/chaotic-and-controlled-software-project-estimating/.  According to the author, in a study of 105 software projects completed between 1997 and 2007 in the UK public sector – 30% were terminated, 57% experienced cost overruns averaging 30.5% and 33% suffered major delays. (“Cost over-runs, delays and terminations: 105 outsourced public escort ICT projects – D. Whitfield).  And this is only one study; any of us who live in the software world have heard more than our share of tales of ...
http://static1.1.sqspcdn.com/static/f/702523/26890568/1456888603297/201603-Cook.pdf?token=0f54EHOm9BNwSNhf3UAOmWk1mjs%3D Check out this article from the March/April issue of Crosstalk.  As is my custom, I start from the back with BackTalk – usually a short somewhat pithy commentary (General written by David Cook of Austin State University) on software related topics.  In this issue David starts with a stroll down memory lane – his own personal journey into software engineering – beginning back in the days when we when coded using cards or paper tape or connected to a mainframe via a 300 baud modem.   The point of the article was Security and Defensive Coding – he started with ...
Many people suggest that the first instance of an Internet of Things object occurred in the early 80’s with a Coke machine in the Computer Science Department of Carnegie Mellon University.  Apparently the Coke machine was located some distance from the department and the programmers were constantly trekking to the machine for find that it was out of their preferred beverage or to find that it had just been refilled and all the beverages were at room temperature.  Programmers being programmers, they decided to use technology to solve their problem.  They installed sensors and developed a program that would ...
Fast and efficient are good qualities to strive for whether you are creating super-spies, or selecting a format for transferring data. Jason Bourne excelled at what he did largely because he was able to think quickly and react even more quickly. It was fun to watch him get out of situations using his wits that would have left most of us in the fetal position.  Less exciting, but more pertinent to those of us in the fast paced world of software development, is the need to move large amounts of data between two entities. It could be a RESTful ...
“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 ...
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 –      ...