• Predictive Analytics for Improved Cost Management  



Blog



Original Post Date: Tuesday, October 2, 2012 We’re building a tool that quickly and easily allows you to map costs in your TruePlanning(R) projects to any custom Work Breakdown Structure (WBS), including templates for the MIL-STD-881C.  By mapping TruePlanning costs to fit your point of view, you can make use of your organization’s existing research, and ensure that your cost estimates are complete, realistic, and can be easily compared to other projects apples-to-apples.  This is great for AoAs and analyzing where and why costs differ between various solutions (not to mention 881C mapping is a required deliverable for major ...
Original Post Date: Thursday, September 27, 2012 I am frequently questioned by clients and prospects about the applicability of PRICE’s parametric software estimation model to agile software development projects.  There are several ways one could respond to this.  My first thought is that if a shop is truly agile, they don’t need an estimation tool.  They know their development team velocity because agile teams are committed to measurement.  They also either know when they need to make a delivery – in which case whatever amount of software they’ve build by that point will be released.  Alternatively they may know a ...
Original Post Date: Tuesday, July 3, 2012  Introduction A cost estimation model needs to be fed data, and it is only as good as data used to create it. Frequently the data needed to ‘feed’ the cost model comes from a variety of sources including engineers, subject matter experts or other individuals not directly building the cost model. Just asking these experts to stick their finger in the air and take a guess isn’t always the best approach. Using the COM enabled Data Input Form Excel solution that comes with TruePlanning can help users obtain the data needed to complete ...
Original Post Date: Tuesday, June 5, 2012 Ever wonder what programming languages are the most productive?  I recently did a little research into this topic using the International Software Benchmark Standards Group (ISBSG) database. The database contains over 5000 data points with size and effort data for projects from a wide variety of industries, applications and counties.  Of course not all 5000 data points were suitable for my investigation.  The software size is measured using functional size metrics but the database accepts projects that use various counting methods.  I narrowed my search to projects that used the International Function Points ...
Original Post Date: Friday, March 23, 2012 Recently I have been playing around with the International Software Benchmark Standards (ISBSG) database for Development and Enhancement projects.  And in the interest of full disclosure I admit that I am more than a little excited to have close to 6000 data points at my fingertips.  I will further admit that there’s something quite daunting about having this much data; where to start, what should I be looking for, how can I best use this data to offer some useful guidance to inform software cost estimation.  For those of you not familiar ...
Original Post Date: Friday, February 24, 2012 When software developers first starting writing programs for the Windows ® Operating System it wasn’t pretty.   Everything had to be done from scratch – there was no easy access to tools, libraries and drivers to facilitate development.  A similar tale can be told by the earliest web site developers.   A web application framework is an SDK (Software Development Kit) for web developers.  It is intended to support the development of web services, web applications and dynamic websites.  The framework is intended to increase web development productivity by offering libraries of functionality common ...
Original Post Date: Thursday, February 9, 2012  Model Driven Engineering is a software development methodology focused on creating domain models that abstract the business knowledge and processes of an application domain.  Domain models allow the engineer to pursue a solution to a business problem without considering the eventual platform and implementation technology.  Model Driven Development is a paradigm within Model Driven Engineering that uses models as a primary artifact of the development process using automation to go from models to actual implementation.  Model Driver Architecture is an approach for developing software within the Model Driven Development paradigm.  It was ...
Original Post Date: Monday, December 12, 2011 Check out this paper “The Economics of Community Open Source Software Projects: An Empirical Analysis of Maintenance Effort.”  In it the authors hypothesize that Open Source practices increase the quality of the software that gets produced and subsequently lead to code that is less costly to maintain.  Low quality code must be refactored more frequently than high quality code and there is substantial evidence that maintenance interventions tend to lead to even more degradation of the quality of the code.  So not only are low quality applications more expensive to maintain, the unit ...
Original Post Date: Friday, September 9, 2011 I have recently being following an animated thread on LinkedIn “Death of a Metaphor – Technical Debt.” It’s been live for 2 months with over 200 contributions from dozens of different people.  The discussion was launched by questioning whether continued use of this metaphor makes sense.  The discussion thread weaves and bobs around actually answering this question but it’s amazing how passionate the world is on this topic.  My personal opinion is that it’s a perfectly adequate metaphor because it helps create a discussion between IT and the business leaders in terms ...
Original Post Date: Friday, September 2, 2011  The IEEE published “Top 11 Technologies of the Decade” in the  January 2011 editions of the IEEE Spectrum magazine.  It should come to a surprise to no one that the Smartphone was number 1 on this list.  The answer to the author’s question “Is your phone smarter than a fifth grader” was a resounding YES![1]   In 1983 Motorola introduced the first hand hell cellular phone.  It weighed in at two and a half pounds, had memory capacity for 30 phone numbers, took 10 hours to recharge and had a selling price of $4000 ...