*NOTE – content from website circa 2018
Our legacy PRICE® model, known as PRICE H™ / PRICE HL™ is one of the original pricing tools.
It is still being supported and updated for our existing customers, but it is not sold to any new customers, as it was replaced by the TruePlanning® framework, using the predictive power of PRICE Cost Analytics.
The PRICE H model generates remarkably accurate Acquisition estimates for costs, resources, and schedules of structural, electro-mechanical, or electronic assemblies of any scale—from individual component to complex assemblies —even with minimal known project data.
Common physical input parameters include the functions of structural and electronic portions of the hardware, hardware geometry, weight of electronic and structural elements, and electronic packaging density. The amount of new design required, complexity of the development engineering task, operational environment, and hardware operating specification requirements are also considered.
Financial factors for labor rates, overheads, burdens, cost of money, and annual escalation can also be included, to provide a comprehensive cost estimate.
In addition, Life Cycle Costs may be estimated by the PRICE HL part of the model by adding Deployment information to the PRICE H model. The Life Cycle Inputs may be generated Automatically from the Acquisition Data.
As the models were developed some years ago, it does not contain all the Activities found in the TruePlanning Framework and Cost Objects.
It is possible to Convert the PRICE H / HL Projects to TruePlanning® Projects, and it is recommended that the older Projects are converted to newer TruePlanning® Projects.
PRICE H Cost Model Performance Benefits
PRICE H supports a wide range of functions for optimal cost, value, and timing analyses/decisions: