eLearning Courses for PRICE Cost Analytics


TruePlanning® 2014 and Estimating System Integration – 2013

TruePlanning® Methodology

TruePlanning® is an estimation framework which hosts a family of Parametric Models executed using an Activity Based Costing approach

Parametric Modeling is:

  • An Operations Research Discipline
  • Relies on …
    • Mathematical models of real life situations
    • The application of these models to new projects and technologies
  • Relies heavily on historical data
    • Data is reviewed and important cost drivers are identified
    • Regression analysis is used to determine cost estimating relationships
    • Results can then be refined with additional data and extrapolated to new projects, technologies and processes


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