PRICE® TruePlanning™ is a cost estimating framework designed to reduce the time and expense required to satisfy credible, data-driven parametric estimating needs at all levels of an organization—executive, financial, and project/program estimating and management. It is the only cost estimating framework that can integrate multiple cost models—including hardware, software, IT, assembly, and program management costs—all within the same estimate.
The PRICE TruePlanning framework enhances the value of dozens of PRICE® Cost Models, enabling estimators to reap the benefits of faster, more insightful, more reliable parametric estimating:
PRICE TruePlanning also helps to refine the value of project cost histories within the parametric estimating process (through PRICE® TrueFindings™) and supports the ability to integrate dynamic Work Breakdown Structure (WBS) and Cost Element Structure (CES) mapping (through PRICE® TrueMapper™).
PRICE® TruePlanning™ benefits from decades of major project estimating experience in the most complex aerospace, defense, and security applications. It includes powerful features and advantages that empower you to build estimates according to your specific needs and preferences. In addition, TruePlanning cost estimating uses "discrete numerical values" for key cost drivers, correlated to historical data, to allow for more precise calibration than competitive alternatives.
Companion applications for the PRICE® TruePlanning™ Framework provide tools for quicker, easier data management. PRICE offers multiple Companion Applications that empower users to enhance the value, versatility, and insight of TruePlanning estimate data.
As a key component within the PRICE Estimating Systems Integration Framework, PRICE® TruePlanning™ empowers a variety of new capabilities for bolstering decision support and confidence in strategic budget/investment decisions.
PRICE® TruePlanning™ is the cost estimating solution that “makes more sense” than labor-intensive homegrown spreadsheets that make it easy to overlook an entry, or to miss an inaccurate calculation. (According to research cited in a recent Wall Street Journal MarketWatch article, more than 80% of all spreadsheets have errors.)
TruePlanning is a cost estimating framework built around a library of cost objects—activities, resources, input sheets, metrics, algorithms, etc.—that make it easy to “drag-and-drop” proven models into the estimate’s product breakdown structure. It utilizes more than 40 PRICE® Cost Models™ to generate reliable data-driven cost estimate findings for greater speed and confidence in estimating and decision making processes.
By systematizing relationships among numerous factors, PRICE TruePlanning provides both tactical and strategic advantages for buyers and sellers needing to budget or estimate complex concepts, systems, hardware, software, electronics, and IT projects.