Add the pancetta to a large pot and cook over medium heat for 4-5 minutes or until crisp. Once the pancetta is nice and crisp, remove it from the pot and set it aside. Leave the grease that the pancetta releases in the pot.
Add the onions, carrots, and celery to the pot and cook for 4-5 minutes or until softened. Add oil if needed.
Stir in the garlic and cook for 15 seconds. Add the beef, breaking it apart as it cooks, and continue until the beef is fully browned, about 5-6 minutes.
Add the red wine and cook for 2-3 minutes or until the wine reduces by half.
Stir in the crushed tomatoes, sugar, Italian seasoning, and season generously with salt and pepper. Once the meat sauce comes to a simmer, cover and cook for 15 minutes over medium heat.
Once the 15 minutes are up, add the heavy cream, fresh basil, fresh parsley, and allow it to cook for 1-2 minutes.
Add the cooked pasta and parmesan cheese, check for seasoning, and add more salt and pepper if needed.
Serve warm, and enjoy!