Original Post Date: Friday, July 25, 2014

July 2014 marked the 25th anniversary of Neil Armstrong’s historic stroll on the moon.  If you go to the NASA website and select Missions you’ll probably be amazed at the number of missions in NASA's past, present, and future.  Unless you’re living under a rock, you know about the International Space Station, and the Hubble telescope but I’m guessing there’s a lot about space missions that many of us are unaware of.  The Dawn spacecraft, which was launched in 2007 from Cape Canaveral, was sent into Space to help NASA scientists learn about the history of the solar system.  This spacecraft, expected to remain in flight for nearly a decade, will study the asteroid Vesta and the dwarf planet Ceres to learn how they have evolved over time.  Dawn has also sent some spectacular images to NASA scientists. The Orion spacecraft is scheduled for first test flight later this year.  Orion is built to take humans farther into Space – eventually all the way to Mars.  These are but a few examples.

My point is that there’s some pretty cool stuff being accomplished in space. But this progress does not come for free.  In fact it comes at substantial costs; it is an incredibly important part of the NASA planning process to appreciate the costs of a mission long before all of the specifics of that mission are ironed out.  PRICE Systems has recently ported the Chicago Cost Model (formerly a complex spreadsheet implementation) into the dynamic TruePlanning® framework.  This solution couples a time-tested cost estimating methodology supporting NASA mission analysis for over twenty-five years with the power and structure of the TruePlanning® framework.  The Space Missions Model for TruePlanning combines PRICE’s hardware estimation methodology with space-specific data and terminology, creating a space-focused solution. This model can be used to estimate costs for formulation through implementation for robotic Earth and Space science missions through 10 new cost objects pictured below.

To learn more about this new Space Missions estimating capability – attend my webinar next week on July 30, 2014 at 1:00 PM EDT.  Follow this link to register.