• Predictive Analytics for Improved Cost Management  



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Do you have capability to do CONOPS which drive the design? Good idea!  As demonstrated, we allow the user to model complexity (or any other input) as a function of requirements, specifications, etc which could include a CONOPS value as well.  Also, another companion application is our linkage to the design-trade tools ModelCenter and i-Sight. To watch the "Best Practices using the TruePlanning Space Missions" Webinar, click here.
Are you able to triangulate bounds on inputs, low -high-average, to get nominal values? Yes, the risk tools above all allow for triangular distributions.  Specifically in FRISK, the “Auto” selection (from the Method drop-down in the Risk Input Sheet) will generate pessimistic and optimistic values around the point estimate’s baseline.  Or the inputs can be manually input. To watch the "Best Practices using the TruePlanning Space Missions" Webinar, click here.
Do the cost models include SEER, USCM, OGC, NAFCOM, ACEIT? Per our discussion, ACEIT is an export option from TruePlanning.  And we are evaluating the feasibility of hosting PCEC (fka NAFCOM) as a custom catalog, available to NASA users. To watch the "Best Practices using the TruePlanning Space Missions" Webinar, click here.
Spares may be a contract deliverable? Yes.  Quantities include flight units, spares and prototypes for Ems/proof-of-concept builds. To watch the "Best Practices using the TruePlanning Space Missions" Webinar, click here.
Can cost estimates be “simulated” using Monte Carlo (or alike) to model probabilistically based costing? Monte Carlo simulation is via Crystal Ball and @Risk. To watch the "Best Practices using the TruePlanning Space Missions" Webinar, click here.
How is cost uncertainty integrated into cost basis and subsequent roll-up into subsystems, etc? Complexities are density functions that act as surrogates for combinations of CERs.  Hence, overall model prediction error is reflected by the impact of complexity uncertainty on overall risk at subsystem and system levels. To watch the "Best Practices using the TruePlanning Space Missions" Webinar, click here.
Can you provide additional information regarding the missions used for the basis of the Space Mission Catalog? Table 1 - Scope of Historical Data Table 2 - Planetary Missions in the Database Table 3 - Astrophysics Missions in the Database Table 4 - Earth Science Missions in Database To watch the "Best Practices using the TruePlanning Space Missions" Webinar, click here.
Can you provide a pointer to additional information regarding the ChiCoMo Model? Here’s an earlier webinar by our Chief Scientist: http://www.pricesystems.com/Resources/Videos/tabid/487/VideoId/23/language/en-US/Default.aspx To watch the "Best Practices using the TruePlanning Space Missions" Webinar, click here.
We’re often asked about how to model the cost impacts of various quality assurance standards like SEI Capability Maturity Model (CMM) and CMM-I for software, DO-178c and DO-254 for airborne software and electronics, various MilSpecs, and even process standards like ISO-9000.  As a result, we’re kicking off a study to create new and updated modeling guidance for use with our cost models. Many of these standards have significant overlap, and an implementation of one can give you a head start in implementing another.  For example, DO-178c and DO-254 are design assurance standards, which basically says that if you follow these ...
Original Post Date: Monday, August 18, 2014 I had the distinct pleasure last week of attending the 2014 NASA Cost Symposium.  While to the uninitiated this might sound like a bit of a snoozer – it was actually quite interesting and proved to be the source of a ton of valuable information.  The event took place at Langley Research Center in Hampton, VA – near Williamsburg, Newport News, and not too far from Virginia Beach.  My participation was somewhat self-serving in that I was there to talk about PRICE’s new Space Missions Cost Models for TruePlanning®.  This model – discussed ...