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  • Predictive Analytics for Improved Cost Management

TruePlanning® 2012 SR2 Reaffirms PRICE System's Dedication to Improvement in the field of Cost Estimation

Mt. Laurel, NJ / September 18, 2012 / PRICE Systems, LLC, has announced the release of TruePlanning® 2012 SR2. This planned service release builds on many usability improvements, new models, model upgrades and new companion applications delivered with TruePlanning® 2012.

Some of the new features and enhancements include:

A RICE wizard has been added to help size software components by specifying RICE Objects (Reports, Interfaces, Conversion and Enhancements). The RICE wizard has proved to be very effective for ERP and other business systems.

The Crystal Ball® Companion Application has been added to the suite of Companion Apps. This Excel® based solution links TruePlanning® with Crystal Ball® to provide users the ability to perform Monte Carlo uncertainty simulation on TruePlanning® outputs. The Crystal Ball® Companion Application joins the @Risk® Companion Application to specify uncertainty in any TruePlanning® parameter and produce probabilistic estimates.

PRICE added the ability to structural and electronic complexity simultaneously in the updated Sensitivity Analyzer Companion Application.

Anthony DeMarco, President of PRICE Systems, LLC states, "We are pleased to announce this service release of TruePlanning® 2012, as it demonstrates our commitment to continuous product improvement and leading edge research. Our staff works with our customers, leading industry groups and consultants to bring new and improved tools to the market."

TruePlanning® 2012 SR2 will be released to licensed customers on October 1, 2012

First introduced in 2003, TruePlanning® estimates the scope, cost, effort and schedule for software, hardware and IT projects; mechanical and electronic lifecycle programs; and system of systems configurations. PRICE Systems is a major supplier of cost estimation and affordability management solutions to U.S. government agencies and leading aerospace and defense contractors.