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  • Predictive Analytics for Improved Cost Management

PRICE® Systems’ Introduces Unprecedented Business Approach for Strategic Cost Management

New, data-driven framework for faster, more robust decision-making unveiled at ICOSMOS Worldwide Workshop in Rome

Mt. Laurel, NJ / February 27, 2014 / PRICE® Systems LLC, pioneer in the science of parametric estimating and developer of the PRICE® TruePlanning®, and its partner, Creasys, an Italian consultancy and business monitoring firm, have introduced an entirely new framework for cost management.

The framework supports faster, more robust decision-making by facilitating the quick, reliable comparison of two methodologies: top-down estimates with parametric tools for forecasting and bottom-up estimates. This strategic cost management approach reduces the time and expense required to satisfy program estimating and management needs thus improving the effectiveness of forecast baseline and estimate generation for A&D and technology-intensive engineering projects alike.

"While the ICOSMOS workshop was an ideal forum to unveil the PRICE framework to the industry at large, the solution has already been implemented with great success by Creasys at major government agencies and original equipment manufacturers worldwide," commented Giovanni Picca, Owner and General Manager of Creasys.

"This innovation is the unique result of the combined expertise and partnership of PRICE and Creasys," remarked Georges Teologlou, Vice President and Head of PRICE Systems International. "We at PRICE feel very proud as we consider this framework to be the launch pad for a new and relevant era of cost management."

For more about this newly-introduced cost estimating framework, visit

About Creasys

Creasys, an Italian consultancy and business monitoring firm, has acquired significant experience in specialized services such as the management of important projects, the supervision of production processes and the internal management of large institutions, both public and private. The continuity and quality of services provided on time, combined with the formulation of proposals supported by the internal Research and Development laboratory's innovative technology, are the most evident sign of the fundamental principle that motivates the professionals at Creasys to serve their clients.