• Predictive Analytics for Improved Cost Management  



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Part 1 described 2016’s updates in the Hardware catalog’s for Unmanned Space as well as Additive manufacturing (i.e., 3D Printing). So what is else is forthcoming in TruePlanning v2016, specifically the Software catalog? We’ve done some significant things actually--  Extended sizing with a RICEFW Calculator-- This existing option enhances the “Function Points from RICE” sizing calculator option with the addition of Forms and Workflows. The former counts the forms developed to meet agencies requirements not matched by standard forms in the ERP.  The latter counts the automated business processes that integrate tasks across business units, applications and ...
In our December blog, we described the upcoming Hardware catalog’s new Equipment Type calculator, enhanced significantly with new Unmanned Space manufacturing complexities, both for Earth-Orbiting and Planetary missions.  {We also emailed all customers with a link for updating this calculator in v14.2} So what is else is forthcoming in TruePlanning v2016, specifically the Hardware catalog?  Plenty! We’ve added an Additive Manufacturing Calculator--   The calculator derives a value for Manufacturing Complexity for Structure value (based on core equations from the Hardware Component model) using inputs such as Part Weight, Part Dimensions, Material Type, Manufacturer, 3D Printer, etc. -- The user can also specify post-processing ...
As a builder of cost estimation models, I am constantly look for new sources of data and new ideas and technologies focused on the analysis of this data.  For this reason I like to keep my finger on the pulse of what’s happening in the world of Big Data and Predictive Analytics.  Towards this goal I happened upon an interesting post the other day that I thought I might share.  While it has nothing to do with cost estimation or cost estimating models, it does shed some pretty interesting light on the ways that the technology around predictive analytics ...
I had the great pleasure to sponsor, attend and speak at the second annual ICEAA Canada Workshop in Ottawa last week. A speaker opened the conference with his personal story of discovering the vast cost estimating and analysis community in America, which motivated him and others to start ICEAA Canada as a means for Canadian estimators to "up their game".  And I must commend the Canadians on their response – it is remarkable.  First, it is important to note that expectations on estimates started to grow in 2013 and continue to this day. It is now expected that evidence-based ...
The Jan/Feb 2016 Crosstalk recently became available on line http://www.crosstalkonline.org/.  In it you will find several great articles but there is one that is a must read if collaboration with a team is an important aspect of your job.  Alistair Cockburn authored a great article call “Increasing collaboration by the Minute”.  In this article he gives a brief summary of the evolution of collaboration citing as well some missteps along the way. As a percent who frequently collaborates with teams, he reflects that he often finds himself in a situation where he wishes he had some tools, right then ...