In keeping with past tradition, Technomics left its mark on the 2019 International Cost Estimating and Analysis Association (ICEAA) Workshop in Tampa, FL in mid-May. ICEAA’s annual Professional Development & Training Workshop attracts government, industry, and academic cost community professionals for a three and a half day program dedicated to developing appreciation and understanding of data-driven estimating and analysis techniques.
For more than thirty-five years, Technomics has strived to do just one thing — help our clients make informed decisions by combining analytical rigor with timely, authoritative knowledge. To live up to our tagline of Better Decisions Faster, we always look for ways to increase the utility of data to assist our clients better. This includes making use of more data, rather than less, and analyzing it using methodical, repeatable, and defensible techniques. To enable this vision further, we are launching the Technomics Innovation Lab.
We’ve got ICEAA on our mind for the month of May with the annual ICEAA conference starting tomorrow, May 14, 2019, in Tampa, FL. See how ICEAA members get involved through innovative training opportunities and join the fun.
The Technomics annual State of the State meeting gave us many reasons to celebrate the close of our FY19. Among them is an impressive year over year growth trend for the past 19 consecutive years (and 14 consecutive quarters and 32 consecutive months)! In recognition of accomplishments, hard work, and a job well done, Technomics enjoyed a FY19 closeout Happy Hour at Don Tito’s in Arlington. It was an evening full of gratitude and optimism as Technomics looks towards the future and sets the stage for FY20.
NextGen Cost Estimating & Analysis Meetup – February 2019
On Thursday, February 28th Technomics hosted the NextGen Cost Estimating & Analysis Meetup group’s first event of the new year. Ms. Tullar, the Director of Business Plans and Operations at the National Reconnaissance Office (NRO), led participants in a discussion about bridging the gap between cost estimation and budget formation. At the NRO, Ms. Tullar is responsible for all business functions, including budget planning, cost estimating, and contracting. With over 22 years of national intelligence resource management experience, Ms. Tullar provided valuable insight to the audience of cost analysts and government leaders.
On February 24th, the Technomics team had the privilege of preparing lunch for the families currently staying in the Ronald McDonald House of Northern Virginia. Guests come and go, grabbing a bite to eat when they have spare time. Day after day, these families spend most of their time at the hospital caring for a sick child. On the menu, we prepared home-style chicken and dumplings with a side of roasted broccoli. Attendees from Technomics included Tom Oettinger, Emily Smith, Catherine Dodsworth, Ryan Klug, Ryan Sukley, Kathleen Hudgins, and Jenna Dameron.
“The process is broken and we need to start over with a clean sheet.”
This statement is a common theme and recurring challenge presented to cost estimating and analysis teams and organizations. This was the starting point of one recent undertaking at Technomics.
Every new administration or several years we see efforts to reform the acquisition system and its associated processes. The Army has taken the big step to establish what they’re calling a new Futures Command with the goal of streamlining the acquisition process. To achieve this they are connecting the warfighters – those who use the products of this system – with those who develop the equipment in hopes of increasing both the efficiency and quality of the process. But is that enough to assure success?
The late businessman and writer, Alvin Toffler, had said, “The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.” Alvin Toffler was, among his many titles, a futurist. He understood the world was changing and growing in ways that would favor those who changed and grew with it. This meant not becoming complacent with one’s work and mind. To be successful in anything, especially in the workplace, one must always have the mentality that something can be improved and that the mind can always absorb more.