Systems Engineering and Parametrics…

Wednesday, May 18, 2011 by John Swaren

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 activities of systems engineering, such as Life Cycle Planning, Life Cycle Integration, and Baselining. Estimation of Life Cycle Cost and Total Ownership Cost is well understood. Also appreciated here is your need to discern functional requirements, within context of missions, environments and constraints, in order to model affordability/ tradeoff studies. 

I became very appreciative of the latter while teaching the Introductory True-Planning Hardware and Systems sessions last month to a class that included “old-school” Price Estimating Suite users. As part of our next release, the COM interface allows end-users to execute custom scripts from outside the framework to initiate modeling and call values (essentially using TP as a function call).  For an example, I invited in a developer to demonstrate his sensitivity-tool built within Excel. The earlier-entrenched PES users were unanimous in their desire to utilize this new capability. My job is to train and empower, not to market. But I walked away impressed with how often these “estimators” were, in fact, integrated within organizations that accomplished cost/ benefit affordability activities. 

Illuminate me please: how do your systems engineering functions take advantage of parametrics and tradeoffs tools?

What’s Happening Inside the PRICE System’s Lab!

Friday, February 25, 2011 by Guy Leatherman

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 ownership (TOC) solution, calibrate multiple inputs, optimize maintenance concepts and more.  The apps can be developed using a host of tools including VBA which comes with Microsoft Office.  Expect some apps to be built by PRICE but anyone can do it.  If you have an idea for a creative TruePlanning “app” let us know about it because that will help us build the right COM interface for you.

Check out PRICE's Cost Research Analyst Service!!

Thursday, May 13, 2010 by Arlene Minkiewicz

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, our users have access to the many years of experience we have as seasoned costestimators, subject matter experts and operations researchers.

This service is nothing new.  For the 30 years that PRICE has been in existence, we have worked as partners with ourcustomers to optimize their use of our models and methodologies.  This was just an opportunity to formalize the offerings and remind the community what services are available.

So what does the Cost Research team at PRICE have to offer the cost estimating commmunity?  On average our researchers have more than 24 years of experience with hardware estimating, software estimating, operations research or some combination of the three. We are constantly engaged in cost research projects addressing market needs as they arise.  The results of these studies vary depending on the need they attempt to address.  In some cases, data collection indicates custom models should be developed.  These can be developed and deployed in TruePlanning, the flexible cost estimating framework.  Some results are published as updates to tables or calculators in the PRICE Software and Hardware cost estimation models.  White papers, webinars and the PRICE blog are all means we use to communicate the results of cost research studies.  

PRICE's Cost Research Team is available 24/7 to address users cost estimating question on an as needed basis.  Some issues require more attention than a single phone call.  Users are encouraged to schedule working sessions with one or more of our analysts to take a deeper dive into cost estimating issues that perplex or intrique them.

Some areas the team is currently studying include Total Ownership Costs, Joint Confidence Level, Performanced based models for technologies such as FPGAs and ASICs, semi-rigid cables, and  Operations and Support costs for space systems. 

The most important thing the cost research team at PRICE wants to do is make our clients better estimators while adding value to the cost estimating community as a whole.  We can't do this without input from our clients.  Share your cost estimating challenges with us.  Call, email or comment on our blog.  856-608-7201 or info@pricesystems.com