• Predictive Analytics for Improved Cost Management  



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Original Post Date: Wednesday, October 17, 2012 A frequent question from students and consulting clients is how to estimate software size when either: detailed functional requirements descriptions are not yet documented or, even if the latter do exist, the resources necessary (in cost and time) for detailed function point (“FP”) counting are prohibitive. If appropriate analogies or detailed use cases are not available, fast function point counting can be a non-starter, without nominal understanding of pre-design software transactions and data functions.  Hence, the challenge is to find an estimating basis for functional measure (i.e., ...
Original Post date: Wednesday, October 10, 2012 Deciding whether Excel® is a friend or foe is a hefty topic, so I decided to dedicate several blog posts to the issue!  This first posts addresses all of PRICE’s new boundless Companion Applications.  The second will address my experience using the applications with our customers (Do’s and Don’ts); and lastly, the third and final blog will wrap it up and explain a more in-depth large project engine that PRICE is currently testing.  As we all know Microsoft Excel® is a powerhouse tool.  It allows you to house data, format it in many ...
Original Post Date: Friday, October 5, 2012 I am currently involved in co-authoring a white paper on the “Role of Value Engineering in Affordability Analysis.” For the purposes of this discussion I define affordability as that characteristic of a product or service that responds to the buyer’s price, performance, and availability needs simultaneously. The writing of this white paper has been an interesting exercise for me because my fellow co-authors come from different backgrounds and thus have very different points of view. The majority of my colleagues are “card carrying” Systems Engineers. As such, they have a perspective that ...
Original Post Date: Thursday, September 27, 201 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 ...
Original Post Date: Tuesday, October 2, 2012 This past year PRICE Systems has entered into a partnership with the International Benchmark Standards Group (ISBSG).  As part of this partnership we have a corporate subscription to both of their databases – the Development and Enhancement Database and the Maintenance and Support Database.  We can use these for analysis and to develop metrics that will help TruePlanning users be better software estimators.  The ISBSG is one of the oldest and most trusted sources for software project data.  They are a not for profit organization dedicated to improving software measurement at an international ...
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: Monday, September 24, 2012 The purpose of this blog is to describe the role Value Engineering plays within the affordability process. The blog is not a step by step “How To Conduct or Execute” Value Engineering (VE) but, it is a discussion of the context, input, setup, execution hints, and output of Value Engineering in support of conducting affordability analysis and management. As such, it is important to understand the concept of affordability within the Systems Engineering paradigm. This blog is designed to provide insights, lessons learned, and suggestions for using Value Engineering in the affordability process. In ...
Original Post Date: Thursday, August 23, 2012 We’ve bought access to IHS Haystack, which links us to huge amounts of data on government parts and logistics, including electronics running the gamut of technologies, functions, and types of equipment.  The tool combines data from more than 70 military and commercial databases, and includes detailed data on costs, procurement histories, and a wide range of technical characteristics – perfect for building and validating CERs. This data will be very useful for our TP 2013 Electronics Update.  All of this data can be built into a knowledge base and made available to TruePlanning users.  With this ...
Original Post Date: Tuesday, July 3, 2012  Introduction Cost estimate models are developed for many reasons: bids and proposals, should cost analysis, or measuring the state of a project already underway. Frequently many estimates are created using the same sources of data in an organization. By creating a custom integration solution based on the TruePlanning COM API repeated model creation can be automated. This can save considerable time, significantly increase the quality of the estimates by removing hand typed data errors, and speed up the time it takes to produce and gain value from cost estimate models. By example, this blog ...