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  • Predictive Analytics for Improved Cost Management  

New Version of TruePlanning From PRICE Systems Simplifies Complex Project Estimation Tasks

Holistic View Provides Systems-Level Perspectives For Earlier, Faster and More Accurate Estimates

Mt. Laurel, NJ / April 1, 2010 / The release of TruePlanning® 2010 estimation software from PRICE Systems (pricesystems.com) simplifies the design and management of complex projects by providing new features from a systems engineering perspective that make possible earlier, faster and more accurate cost and scheduling decisions. PRICE Systems, acknowledged as the developer of the first parametric cost modeling solution, has clients in the public and private sectors, including Boeing, NASA, Sikorsky Aircraft and United Technologies.

"TruePlanning is now an even more effective enterprise and systems estimating solution that can provide faster" should costs" and more credible independent cost estimates for all estimating methods typically applied during the early stages of any large project," said Anthony DeMarco, CEO of PRICE Systems."This latest version takes a holistic approach that reflects the way people actually think about planning and budgeting."

Originally released in 2003, TruePlanning estimates the scope, cost, effort and schedule for software, hardware and IT projects; mechanical and electronic lifecycle programs; and system of systems configurations. TruePlanning 2010 includes four features that facilitate project estimation:

Easy-to-attain systems-level views that speed comparisons of project estimates, reducing the time it takes to determine the cost, schedule and effort of entire systems.

Input inheritance—in which new values are set just once and then continue throughout the product breakdown structure, enabling faster trade-off comparisons and analyses.

Reference notes, descriptions, images and pop-up messages explain the effect of inputs on specific costs. Invalid input alerts provide support and tips for ensuring accuracy and completeness to help clarify estimates as they are being developed.

Simplified processes describe deployment systems requirements, enable users to estimate systems in a series of production lots and specify the number of systems deployed in a given time period.

"TruePlanning 2010 now provides more guidance and help to support users as they build project estimates," said DeMarco. "We have also striven to provide more examples within the notes and calculators/wizards to bring clarity to specific inputs within the models."

The 2010 version of TruePlanning is available now. For seat and site licensing information telephone 856-608-7200 or visit www.pricesystems.com.