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: >> >> >> >> >> >> 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