PRICE® Research is a team of analysts with over 700 years of cost research experience who continually improve our Cost Engineering technology to integrate within our customer's estimating processes.
We develop supervised, predictive models and thought leadership to guide aeronautics, space, and defense customers in the acquisition, extraction, and transformation of their corporate history.
Our predictive cost models (PRICE® Models) are rooted in data collection and validation that started in 1975 when PRICE® Systems first started to collect hardware system data from RCA’s Electronic Data Systems projects and other Aerospace and Defense projects. Data collection continues today with the latest technology advancements and best practices focused on costs, schedule, technical and programmatic data to continually support our PRICE® Community.Dive Deeper - PRICE® Data Set Initiative
Our studies are motivated by market demand, emerging technologies, availability of public and private data, and trusted government and industry materials. Web scraping is used for larger datasets. An ETL process converts heterogeneous datasets for analysis. We validate and verify the results against test datasets using an appropriate tool, repeating the process until the goals are met. Results are shared via model updates, templates, datasets, papers, presentations, and blogs.View Our Research
PRICE® Research continues to make good progress with the PRICE® Data Set Initiative, while adding to both our software and hardware datasets. and guiding TruePlanning® features to utilize these datasets for visualizations and estimate guidance. In addition, we have been making improvements to the Hardware Lifecycle and Microcircuit models. We have also updated the TruePlanning® economics in preparation for the next major release. But we know there is much more to do and look with anticipation to the new and ongoing projects we have planned as we progress further into 2021.View 2021 Plans
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