• Predictive Analytics for Improved Cost Management  



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A recent discussion with family and friends regarding customer service steered me to write this blog.  We determined that the “human” touch is almost extinct in today’s high technology, hurried world.  It is often difficult to get a living, breathing person to help you when you have a questions or concern with a product you purchased.  It appears that the bottom line has become the driver and ultimate decision maker for businesses. I was excited to share that I work for a company that still believes that customer service is the bottom line and that the “human” touch is ...
As a new trainer/mentor for PRICE Systems, I try to mitigate the uncertainty that each training/mentoring session might expose.   As is typical, questions that often need a deeper answer that we were prepared to provide.   At a recent training session, we were asked for specific instructions on how to export the TruePlanning® cost model into ACE-IT.  Upon returning to my office, I researched the topic in the Help section of the model and was unable to find step-by-step instructions to accomplish this task.  The guidance in the help section states, “You can share TruePlanning data with others by exporting ...
While employed with the federal government as a cost estimator/analyst, I traditionally used a Work Breakdown Structure (WBS), more specifically, an 881C template, when doing a cost estimate.  I was introduced to PRICE TruePlanning®, which uses a Product Breakdown Structure (PBS), a few years after I started with the Department of Defense as a Cost Estimator.  Initial confusion and bafflement fell upon me—what is the difference and which breakdown structure should I use?  My search for clarification created an opportunity to address this subject briefly in hopes that it helps others with the same questions and confusion I dealt ...