• 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 ...
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 ...
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 ...
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, ...
TrueMapper now integrates with Aceit 7.4. This is good news for users of Aceit 7.4. As there may still be some Aceit 7.3 users as well TrueMapper still continues to integrate with Aceit 7.3. In order to accommodate the ability to target multiple versions of Aceit and manage the fact that the number of 3rd party applications that TrueMapper integrates with is increasing, it was a good time to redo TrueMapper’s menus. As can be seen in the screenshot below, the latest version of TrueMapper has rearranged its menus so all of the 3rd party integrations are contained in ...