• Predictive Analytics for Improved Cost Management  



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It is common for consumers of TruePlanning Cost Analysis to request some type of uncertainty analysis and this is frequently a request for an 80% confidence level report. TruePlanning can produce an uncertainty report and provide confidence levels, but some organizations have a prescribed method for generating uncertainty analysis based on the use of Monte Carlo. Many of these organizations use @Risk to perform Monte Carlo analysis. TruePlanning has an integration with TruePlanning so TruePlanning users can satisfy the development of an 80% confidence level base on inputs in TruePlanning projects. Recently a customer contacted PRICE and indicated that ...
TruePlanningXL is the new Excel based interface to TruePlanning. TruePlanningXL gives uses the ability to work with TruePlanning projects in Excel. This includes allowing users to update inputs, calculate, calibrate and even create new projects. Much of the work performed in Excel on TruePlanning projects involves setting input values. The majority of inputs are single values and are available on the PBS sheet provided by TruePlanningXL. There are, however, some inputs that do not fit well on the PBS sheet: temporal inputs. Temporal inputs are inputs that contains multiple values to reflect values over time. In the TruePlanning application, ...
In my previous blog, I discussed the newly available in TP2016.0 (16.0.6187.2) API feature of calibration. Now reliable and repeatable calibrations can be set up through the TruePlanning API easily and quickly. For most users the standard calibration usage will be all they need. That said, there are some users who would like to use a feature that is available the TruePlanning Calibration GUI: the ability to calibrate multiple inputs in one calibration.  The most common reason to use a constant in a calibration is to find a single value, such as Organizational Productivity, across multiple Cost Objects that yields ...
Of the many features that help TruePlanning stand out as the premier predictive cost analytics tool, TruePlanning’s ability to calibrate is frequently cited by users as the most important feature in TruePlanning. Users can create models that are highly tuned to the organizations and processes that they are modelling. The 50,000-foot description of calibration is to increase the fidelity of a model to a known process or organization by using ‘actuals’ (known result data) and driving TruePlanning inputs so that the known values are obtained. A concrete example would be knowing the number of hours it took create a ...
TrueMapper strives to provide an environment that allows users to be as efficient as possible when creating mappings. Sometimes users need to map all of a specific type of Cost Object, Activity or Resource to specific WBS items. In this case users would use the “Generic” tab of the Mapping Assignment Window. Assignments made from this tab can be stored off in a *.tpgen file and used against any PBS structure. Recently, some TruePlanning users came across a situation where they needed to assign all Resources from specific Cost Objects to a specific WBS element, except one. Those familiar with ...
TruePlanningXL is the TruePlanning/Excel interface reboot. Excel is a popular topic in the PRICE universe because Excel is clearly the most popular tool in the cost analytics quiver. Customers such as the Air Force, Army and the majority of the primary suppliers have processes inextricably based on Excel. One of the primary design goals of TruePlanningXL is for it to be as easy to use as possible. To support this, great effort is being made to study how it is used and improve TruePlanningXL’s usability based on the research. A second primary design goal is for TruePlanningXL to be ...
Calibration is at the heart of cost analytics and TruePlanning’s support for calibration is one of the features that makes the TruePlanning suite of products the premier suite for performing cost analytics. TruePlanning has a built in calibration feature that allows users to set up and perform calibrations repeatedly. Additionally, the Excel based Excel Solution provided by PRICE supports calibration efforts from Excel. The “new for TruePlanning 2016” TruePlanningXL also supports calibration from Excel. TruePlanningXL is a new Excel Add-in provided by PRICE to allow users to work more efficiently in Excel with the suite of TruePlanning products. TruePlanningXL only ...
This June, I presented at the “Government Contract Pricing Summit”. The topic of the presentation was the integration of TruePlanning and ProPricer. The participants of the summit were generally long time ProPricer users, but not familiar with TruePlanning, so it was a great opportunity to be able to meet new pepole in the price/costing world. When talking with long time ProPricer users the question I would ask them was: “Where do the hours come from?”  ProPricer is an industry leading software for the management and production of bids. ProPricer allows users to setup and maintain costing and burdening data, ...
TrueFindings helps users make sense of their data by allowing them to perform analysis that leads to the production of defendable estimates in TruePlanning. TrueFindings simplifies and promotes data management in a repeatable cost analytic-centric process. PRICE is always looking for ways to help users get the most out of the tools it provides. In TruePlanning 2016 PRICE will be providing a new high performance Excel interface and as part of this interface users will be able to move data from TruePlanning projects into an Excel file that can be natively imported by TrueFindings. TruePlanningXL is the new high ...
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 ...