Category: Cost Engineering

Let’s dig into Natural Language Processing (NLP) and how it contributes to Unison Cost Engineering’s Data Set Initiative, along with the Extract Transform Load (ETL) of data in general.

The transition to agile management approaches for Software development has introduced even more challenges for cost estimating teams, especially as they support long-term budget development and program execution. Learn about how Unison Cost Engineering is internalizing an agile program into TruePlanning.

The conundrum around software estimation is that at the point at which initial estimates are expected, the information about the project is often incomplete, and software intensive which increases the estimate complexity, since software is hugely malleable. Being “agile” makes an estimate easy, if your team is actually agile.

In the federal government, budgets require a multi-year planning cycle. Therefore, any effort to reduce the uncertainty of future year program costs leads to better and more defensible budgets for those years. But Agile programs focus on near term workload and activities with only limited future planning cycles identified. Future cycles are only activated as their start date nears. So any model-based cost estimate or predictive analysis for the budget needs to be flexible, responsive and adaptive to the daily dynamics of Agile program planning and execution.

Unison, the leading provider of Contract Management, Program Management, and Acquisition software and insight to government contractors and federal agencies, today announced the acquisition of PRICE Systems, LLC – the leading global provider of advanced Model-Based Cost Engineering™ software for decision support.