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  • Predictive Analytics for Improved Cost Management  

PRICE® Systems to Exhibit at 24th Annual INCOSE International Symposium

Innovative data-driven estimating framework for better alternative selection & risk reduction to be showcased at upcoming industry event

Mt. Laurel, NJ / June 24, 2014 / PRICE® Systems LLC, pioneer in the science of parametric estimating and developer of PRICE® TruePlanning®—the global standard for accurate cost estimating—will attend the International Council on Systems Engineering (INCOSE) 24th Annual International Symposium (IS), to be held at the Green Valley Ranch Resort, near Las Vegas, in Nevada, this June 30 – July 3.

While in attendance, PRICE will offer demonstrations at Booth E2, to show attendees how TruePlanning® 2014 can be leveraged for Affordability Engineering. PRICE Systems’ data-driven, statistical top-down estimating methodology is “product”-driven, allowing engineers to assess the cost, schedule and risk impacts of changes in performance and requirements.

    TruePlanning® 2014’s suite of integrated tools—including TrueFindings® and TrueMapper® as well as new cost models—eases the combination of data, statistics, the PRICE models and estimate mapping in a robust data-driven estimating framework. This framework speaks an “engineering” language, enabling rapid translation of design concepts to program and fiscal impacts. 

    Additionally, TruePlanning® interfaces with computer-aided engineering tools—including PHX ModelCenter®, Dassault CATIA/Simulia, PTC Windchill, and many more—to help automate design tradeoff analyses.

    The International Council on Systems Engineering (INCOSE) is a not-for-profit membership organization, founded in 1990, that aims to promote and advance the best of systems engineering. To learn more about INCOSE IS, visit: http://www.incose.org/symp2014/