COMPANY OVERVIEW
Gain the True View of Program Success
PRICE Increases Visibility and Improves Performance
Today's industry contractors and program managers are under more scrutiny
than ever to deliver on plan, on time and on budget. Projects compete for
limited dollars and resources. There's the constant message to “do more with
less.” And a steady stream of high-profile failures in the news only increases
the pressure on current projects to perform. Credible, proven tools and
methods are essential to improve financial accuracy, enhance decisionmaking and validate performance.
PRICE Systems, the world leader in Program
Affordability Management solutions, provides the
visibility needed for success at every stage in a project. With PRICE, contractors develop proposals
accurately and profitably. Program offices award initial contracts with full disclosure and confidence.
Design and cost managers assess engineering and
project changes with complete understanding.
Financial executives make painless budget requests.
And, all the critical information is captured for continuous improvement.
The Foundation of PRICE Program
Affordability ManagementTM
PRICE's solutions combine
cost estimating, project
control and knowledge
management, assuring project success at
every decision gateway. Best Practices in
Advanced Planning,
Bid and Proposal
Development, Supplier
Assessment and Selection, and
Project Cost Control are built on more than 30
years of Federal market experience. Solutions are
“powered” by PRICE Research, a global network
of cost experts actively engaged in data collection
and analysis throughout the aerospace, defense, government, and commercial sectors.
Powerful Cost Estimating, Analysis
& Knowledge Management Tools
Getting the estimate right at the beginning is the
single-most-important element to a program's ultimate success. The “domino effect” is obvious. The
further off track the initial estimate is, the greater
the likelihood of a project “at risk.” With PRICE
TruePlanning, program and cost managers can
rapidly evaluate project alternatives and determine
bottom-line impacts. TruePlanning combines parametric cost estimating and knowledge management
tools with powerful analysis, simulation and reporting
features, and dynamic modeling capabilities for realtime accuracy throughout the life of the project.
TM
>> PRICE Cost Models contain the knowledge base of
hundreds of similar projects and their associated individual cost elements and correlated components for
IT Projects and Defense Hardware, Electronics and
other technology-based systems. As such, these
tools provide “automated” knowledge capture. In
addition to the hundreds of proven Cost Estimating
Relationships (CERs) “embedded” in the PRICE
Cost Models, cost engineers and analysts can develop custom cost models rapidly and accurately, using
a common technology and methodology to define
functional components, structure, activities, cost
drivers and processes.
>> PRICE KnowledgeManager, a web-based repository to capture and access reusable technical and performance parameters, costs and normalized cost metrics, ensures continuous improvement within a current
project and for future programs.
TM
Proven Project & Cost Control Methods
PRICE consultants are experts in defining, controlling and containing cost, with Defense and Federal
Civilian specialties in building budgets, evaluating
performance, identifying risk, analyzing tradeoffs
and continuously monitoring program value. Using
PRICE TrueMethods, the company’s collection of
Project Cost Control Best Practices, experts integrate
methods such as Earned Value Management most
important to ensure program affordability.
TM
Real Results. True Program Success.
KPI
OBJECTIVE
PRICE Consulting provides comprehensive feasibility-to-delivery program support, or any point in
between, including:
>>
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>>
>>
>>
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Analysis of Alternatives
Risk Analysis
Procurement and Supplier Assessments
Lifecycle Cost Analysis
Cost Analysis Improvement Group Submissions
Milestone Reviews (CAIV Studies, Exhibit 300
Submissions)
>> Cost Model Methodology Development
>> Model Integration
>> EVM Tools Integration
TM
EXPECTATION
HOW?
CAIG Reviews
& Approvals
Pass without issue
Pass first time, every time
Using TrueMethods and TruePlanning, customers
have a fully documented solution for presentation to
the CAIG that is without peer.
Contractor ECPs
Effective and efficient
review and approval
Historical reference data to
allow complete assessment
Using TrueMethods and TruePlanning (supported
with PRICE Research), customers have as complete a
reference as the contractor — in some cases, even a
better one.
Annual Budget
Cycle Success
Successful completion
of Form 53s, Exhibit 300s,
and other budget
documents
Pass first time, every time
With TruePlanning, customers can perform Analysis
of Alternatives efficiently so that OMB and other oversight agencies have more than enough information
for Budget assessment and approval.
Accurate Reporting
& Program Planning
Program updates are
accurate and timely
Risk is known and managed
throughout the program
resulting in no GAO reviews
With TrueMethods and TruePlanning, customers can
assess risk to programs continually. As contractor
EVM data is gathered, they can perform analysis on
the information and make predictive adjustments to
mitigate risk.
Productive
Work force
Decrease proposal
review time
Effective review of contractor cost proposals reduced
by 30%
When Program Offices require contractors to use
TruePlanning for proposal responses, they can evaluate and compare proposed estimates quickly.
Effective Program
Cost Management
Leverage program cost
lessons learned throughout the agency
Capture 100% of agency
cost information for reuse
as appropriate on other
projects
With KnowledgeManager our customers capture cost
information throughout the agency and can allow it to
be used on all projects within the agency, creating
more effective and consistent plans.
Customer
Satisfaction
Completing projects that
meet or exceed customer
expectations of performance, cost, and schedule
100% customer satisfaction
= 100% repeat business
Credible, understandable bases of estimates
eliminate mistrust between customer and supplier
About PRICE Systems
PRICE Systems enables government agencies, defense programs and commercial organizations
to successfully select, control and deliver large-scale, complex and high-visibility projects. With
offices in the United States, Europe and Asia-Pacific, PRICE serves more than 250 customer
organizations worldwide. More than 10,000 project professionals have been trained in the
company's cost estimating and analysis methodologies.
PRICE Systems, Program Affordability Management, PRICE TrueMethods, PRICE TruePlanning, PRICE
KnowledgeManager and True Program Success are trademarks of PRICE Systems, L.L.C. All other trademarks
are property of their respective owners. © Copyright 2004 PRICE Systems, L.L.C. All rights reserved.
Corporate 1-800-43-PRICE
Europe +44 (01) 1256-760012
Asia-Pacific 1-800-43-PRICE
www.PRICESystems.com
True Program SuccessTM