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  • Predictive Analytics for Improved Cost Management

PRICE Systems Offers Project Management Institute (PMI)-Certified Training Courses to Enable Efficient, Cost-Effective Cost, Risk, and Schedule Assessments

MT. LAUREL, NJ / October 23, 2007 / PRICE Systems, L.L.C., the world leader in cost estimating and analysis solutions, today announced that it achieved Global Registered Education Provider (REP) approval status from the Project Management Institute (PMI) to offer training courses to certified project management professionals (PMPs) enrolled in PMI's Continuing Certification Requirements (CCR) program. The CCR program requires PMPs to earn credits each year in order to retain their PMI certification levels. PRICE Systems designed its training courses to enable PMPs to quickly and accurately assess schedule, cost, and risk while considering all available alternatives, which improves outlooks for complex, high-visibility programs and businesses seeking competitive differentiation.

To achieve PMI certification, PMI evaluated PRICE Systems’ training courses to validate the effectiveness of the hands-on, expert instruction PRICE Systems provides and to ensure that it meets PMI's high standards. Each course integrates lectures and exercises, featuring 50 percent hands-on training time. Instructors use real-world problems to challenge trainees and reinforce important concepts.

Annual PMI CCR certification requires PMPs to earn 60 PDU credits to retain certification. PMI evaluated and approved two of PRICE Systems' training courses for professional development unit (PDU) credits: "PRICE Hardware Model (PRICE H) – Estimating and Project Control" and "True S - Software Project Planning and Control." Additional course details follow:

  1. PRICE H: This five day course provides an overview and instruction in the use of parametric cost estimating methodology and allows PMPs to earn 40 PDUs
  2. True S: This four-day course provides basic instruction in the use of a collection of predictive cost models designed by PRICE Systems and allows PMPs to earn 32 PDUs

"Offering PMI-certified training underlines PRICE Systems’ dedication to enabling organizations to successfully estimate and analyze the effort, schedule, and cost of projects," said PRICE Systems President Anthony DeMarco. "We are committed to better equipping our customers to make well-informed, more-effective cost decisions and ultimately lead their programs and companies to greater levels of success."