• Predictive Analytics for Improved Cost Management  



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Original Post Date: Tuesday, July 1, 2014 Whether you’re doing a software cost estimate to support a Bid and Proposal effort, a software valuation, should cost analysis, or to develop a detailed project plan, it is vitally important to understand the ‘size’ of the software you are estimating.  The problem with software size is that it tends to fall into the intangible realm of reality.  If you tell me you are building a widget that weighs 13 pounds, I can really start to get my head around the task at hand.  If I’m chatting about this with my European colleagues, ...
Original Post Date: Wednesday, April 2, 2014 Introduction Parametric estimates provide reliable, reproducible, and flexible views into cost and effort so it’s only natural to want to include this data in a bid and proposal workflow. With TruePlanning 2014 big steps have been taken to make such integration seamless and easily reproducible.  New tools in the TruePlanning suite of products, as well as, integrations with some of the major bid and proposal software applications are at the heart of this new feature set. You can learn more about TruePlanning 2014 and the PRICE cost estimation models at our website, but let's ...
Original Post Date: Friday, September 7, 2012 So, what goes on out here in the corn fields, anyway?  Did you know Dayton, Ohio is home to the Air Force Materiel Command?  Air Force Materiel Command (AFMC), headquartered at Wright-Patterson AFB, Ohio, “develops, acquires and sustains the aerospace power needed to defend the United States and its interests for today and tomorrow. This is accomplished through management, research, acquisition, development, testing and maintenance of existing and future weapons systems and their components” (afmc.af.mil).   In response to future budget uncertainty and a challenge by Congress to operate more efficiently, AFMC recently ...
Original Post Date: Wednesday, May 18, 2011  Parametrics is more than estimating. It represents the complete process of capturing and utilizing (often with calibration) non-cost drivers, as well as associated programattics and configuration levels. The Wiki definition of systems engineering immediately speaks to project complexity, life cycle management, and logistics. Any question that parametrics and systems engineering are interrelated?  In many of our customer organizations, affordability and cost-benefit analyses have migrated to system engineering functions. How and where does your organization perform these analyses?  As we enhance our capabilities and applications, it’s beneficial for all concerned to understand your adaptation of parametrics within the core ...
Original Post Date: Friday, February 25, 2011 PRICE Systems is currently developing a COM interface for TruePlanning. I know, I know…  What’s COM you say? COM stands for (Component Object Model) and it's a programmable interface which exposes the TruePlanning estimating brains for integration and analysis!  I know it sounds boring but it’s really cool because it allows anyone, including our users, to build “apps” for TruePlanning similar to the way “apps” are built for the iPhone.  Let me give you some examples of some apps that you can build:  Excel solution, sensitivity analysis,  project comparison, risk simulation, total cost of ...
Original Post Date: Thursday, May 13, 2010  Earlier this week I conducted a webinar intended to make PRICE users aware of the Cost Research Services available to them as part of the license fee they pay to use PRICE products. I thought I would recap the highlights of this webinar for those of you who might have missed it. At PRICE we understand that cost estimating tools, while useful and valuable, do not always present the complete solution. Every single cost estimation projects presents new and unique challenges.  We think it's important that in addition to solid, time trusted cost estimating models, ...