• Predictive Analytics for Improved Cost Management  



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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 –      ...
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 ...
Introduction This document provides instructions on using a TruePlanning / Crystal Ball Solution that was created for a specific PRICE customer. The solution is based in a macro enabled Excel file. It is an enhancement of the generic TruePlanning / Crystal Ball solution and has been created to allow the customer’s personnel too quickly and easily setup and run analysis on TruePlanning projects using Crystal Ball. The customer had very specific requirements regarding the distributions to be used in uncertainty analysis and this tool was developed to allow them to use set the distributions they desired with minimal effort. The customer ...