• Predictive Analytics for Improved Cost Management  



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Original Post Date: Wednesday, September 25, 2013 What follows is PRICE's interpretation of how to model FPGA’s and ASICs inside our current version of TruePlanning® 2012 SR2 and older versions. ASICs are an application-specific integrated circuit, customized for a particular use. FPGAs are Field-programmable gate arrays and are considered the modern-day technology that can be used in many different applications because of the programmable logical blocks. In industry ASICs has grown from 5,000 gates to over 100 million. Designers of digital ASICs use a VHDL language for the functionality.   Estimating Best Practice for TruePlanning: Model your electronics at the board level ...
Original Post Date: Wednesday, September 25, 2013 Last November I hosted a webinar that discussed the use of the companion applications Live! This session helped to further explain how to use them in congruence with TP, the history, & why we created them, etc. During the presentation I showcased the success’s I have encountered with using them both in the recent AOA I described in part 2 and this blog part 3. You can find the recorded webinar on our site. In addition I described as I am going to do here the differences between the large project engine and the excel ...
Original Post Date: Wednesday, September 25, 2013 Every day we use tools like TruePlanning to build up detailed parametric cost estimates.  We could spend weeks collecting data and design information, and weeks honing details on risks and uncertainties.  When we finally get to reasonable point estimate, or even a distribution of probable estimates, there are always more questions.  Of course the range of queries depends on the purpose of the estimate, and who your consumer is.  If you are preparing an estimate for a competitive proposal, a company executive may be your consumer.  They may want to know, “What is the ...
Original Post Date: Wednesday, September 25, 2013 After we spend time building up a point estimate, a cost estimator always has to do some additional work to break the estimate down into terms their estimate consumer will understand, or to perform different comparisons for various analyses.  Sometimes, you need to map the estimate into a Standard Work Breakdown Structure or Cost Element Structure.  Sometimes you want to compare to a bottom-up or grass-roots estimate.  Or, if you are planning budgets or manpower out into the future, you need details.  We have to speak a lot of languages in order to ...
Original Post Date: Wednesday, September 25, 2013 I’ve recently had a number of users ask, “How do I model life cycle costs for a missile that just sits on a shelf?”  I had never actually tried to model this, but of course I know it’s possible.  So I turned to some of my fellow PRICE experts, and found that of course this is not the first time anyone has ever tried to model this kind of thing… Many ordnance weapons such as mortar shells, torpedoes, bombs, missiles and various projectiles are stockpiled until they are actually needed. These weapons ...
Original Post Date: Wednesday, September 25, 2013 We have been blogging a lot lately about finding the right manufacturing complexities for your hardware  projects using TrueFindings, and the many ways you can determine the most appropriate Manufacturing complexities: taking averages from related projects, finding a correlation to another descriptive parameter (like horsepower for engines), or even looking into multi-variate regression to determine the best value.  If you are a TruePlanning user, you know that Manufacturing Complexities (for structure or electronics) are the most common parameter to use in calibration, and that the manufacturing complexity drives both Production and development ...
Original Post Date: Wednesday, September 25, 2013 We all pull data and research from various sources when creating a project estimate.  You may pull together public CERS, internal research, subscription based data or commercial models.  In the end you want your entire estimate in one format.  If you use TruePlanning, you may have used the “Other Direct Cost Object” in the past to include costs estimated in another model.  You may have utilized the “Equation Cost Object” to include a CER with up to 5 variables, which would allow you to account for the size and complexity of an ...
Original Post Date: Tuesday, September 24, 201 Risk Analysis Methodology Overview – Method of Moments In this second of three articles on risk analysis, we will discuss Method of Moments.  Method of Moments (MoM) is an alternative to Monte Carlo simulation.  Along with the methodology, we will present some pros and cons of using MoM over Monte Carlo.  What is a moment? Before we discuss the methodology behind MoM, we first need to talk about moments.  Caution:  for all the master statisticians out there, this article is meant to boil down complex topics in an easy to understand manner.  There are obviously ...
Original Post Date: Thursday, February 21, 2013 I recently attended a webinar presented by David Herron of the David Consulting Group (DCG) discussing a recently released specification for the automation of function point counting (available on the Consortium for IT Software Quality (CISQ) site .  Function point counting is a process through which software ‘size’ is measured by the amount of business value that the software delivers to the end user.  Function Point counts are thought by many to be a far superior means of measuring software ‘size’ because they are technology neutral and not impacted by factors such as ...
Original Post Date: Wednesday, January 9, 2013 While TruePlanning by PRICE Systems is the world leading parametric cost estimation tool, the reality is that not all members in an organization are going to have TruePlanning installed on their desktops, but that doesn’t mean those people can’t get a view into the power of TruePlanning. The TruePlanning Viewer is a tool under development that allows users to view the PBS and data contained in a TruePlanning project without having TruePlanning on their desktops. Figure 1 TruePlanning Viewer TruePlanning users will be able to create special “tpview” files that non-TruePlanning users can use with ...