Model-Based Cost Engineering

Harness Model-based Cost Engineering™ to predict total lifecycle costs for design & development

Manufacturers of commercial aircraft, automobiles, technology, and even unmanned air vehicles, face common challenges when generating estimates throughout the lifecycle of their product design and development — down to the electronic components and IT resources. For many, the costing process is time consuming, expensive, and overly dependent on the knowledge and experience of SMEs nearing retirement.

Simple solutions to learn, easy to adopt

PRICE Cost Analytics™ uses a unique Model-based Cost Engineering™ (MBCE®) technology to systematically harness your historical data and expertise for enterprise-wide process integration, quickly and accurately. Our solutions can be implemented from the top down to standardize the way your various departments and locations generate and talk about estimates—spanning Target Costing to IT Services Budgeting.

Target Costing

Determine lifecycle costs and enhance profitability of a program during the early design stages of product and program development. United Technologies hit its cost targets while achieving its design goals by lowering the cost of solid oxide fuel cell technology development.
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Design-to-Cost

Since the concepts vertical take-off and landing (eVTOL) and advanced air mobility (AAM) began, PRICE Cost Analytics™ has been an integral part of the process—helping customers gain the ability to design for cost per flight hour and optimize cost per passenger mile, while balancing performance factors.
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Competitive Cost Teardown Analysis

Better understand your competitor’s products, and all of its component compared to yours, by harnessing our Model-based Cost Engineering™ technology. Quickly and accurately determine design improvements, cost reductions, and gain insights into your competitor’s designs.
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Should-Cost-Based Strategic Sourcing & Negotiation (Supplier Assessment)

Harness your historical research and benchmark your vendors to make precise program cost estimates—backed by data-driven insights that help you better understand your supply chain. Assess submissions for suppliers to rapidly determine if they are reasonable and provide the best value for the cost.
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IT Services Budgeting

Incorporate the power of predictive analytics to estimate the costs for operations, modernization, and management of your organization’s IT resources. Use data-driven estimates, informed by your own historical expenditures, to prepare future operating budgets, and to evaluate a business case for IT system capital improvements.
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What’s New in TruePlanning 16.2?

TruePlanning® 16.2 is here! Join Product Development's Stephanie Haddon as she shares all of the new and exciting features that are now available -- along with continuous product improvements and innovative research, this Technology release brings you many new features to perform TRUE data driven estimating and to fully document your estimate.
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