MT. LAUREL, NJ / March 1, 2003 / Working as a partner with Altarum, PRICE Systems provided the United States National Archives and Records Administration (NARA) cost estimating and analysis support for the ERA Business Case Analysis (BCA). This BCA was required as part of a submission to the organizations Investment Review Team as well as the U.S. Office of Management and Budget.
PRICE developed hardware and software life cycle cost estimates of three alternatives identified by NARA. The life cycle was defined as investment, systems operations and support and phase out. The PRICE team identified costs for the preferred acquisition scenario for elements in each of the life cycle phases.
As part of this process, PRICE supported the collection, analysis and normalization of cost data, developed a technical & programmatic baseline, defined the cost estimating methodology, mapped the estimate to ERA Cost Estimating Structure and assisted NARA management with the development of cost/benefit issues.
PRICE Systems' methodology involved:
Costs Avoidance Opportunities
PRICE's analysis identified and quantified several internal and external cost avoidance opportunities, some of these include: