True H and PRICE H: Hardware Acquisition and Development
Cost Models: True IT | True S | True H and PRICE H
Scalable Hardware Cost Modeling to System Levels
True H from PRICE Systems (and PRICE H, the heir apparent to the first parametric Hardware Acquisition Cost Model introduced in 1975) uses parametric modeling to accurately estimate costs, resources, and schedules for hardware projects of any scale—from the smallest individual component to a System of Systems. Methodologies are repeatable and results are always supported by the latest industry standards, best practices, and factual data.
DoD System of Systems (SoS) programs, as well as commercial systems development, increases the difficulty of hardware estimating challenges:
- Estimates based on "best guess" and "informed opinion" at component levels escalate inaccuracies to where programs become grossly under- or over-estimated.
- Many hardware integration costs are easily overlooked or miscalculated.
- Unrepeatable estimating methodologies cannot keep pace with hardware technology advancements.
Key Features
Facts-based cost modeling: In the new world of estimating system engineering costs, past inaccuracies "accepted" with outdated and highly speculative techniques escalate out of control. True H instead provides industry-specific parametric cost models and benchmarks based on knowledge bases of factual data. In addition to hundreds of proven Cost Estimating Relationships embedded in True H, cost analysts can develop custom models rapidly and accurately with easy-to-use wizards, templates, and simplified input parameters for any component, structure, activity, cost driver, and process.
Integration costs: Often overlooked or miscalculated, costs to modify and integrate finished components into a system build must be accounted for before allocations start. Otherwise, estimates must be reworked or the project fails. True H modeling includes factoring for hardware component, assembly, subsystem, and software integrations.
Repeatable methodologies for continuing process improvements: Hardware technology advancements continually consolidate more functionality into less space. Without repeatable methodologies that factor for this evolution, incremental improvements in process and accuracy are impossible. True H enables users to evolve their estimating process. Completed estimates for new projects update historical data relevance and estimating accuracy for next projects.
