PRICE H / HL
PRICE H / HL
Our legacy PRICE model, known as PRICE H / HL is one of the original cost estimation 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.
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:
- Basis of estimate for proposal preparation and life cycle cost
- Sensitivity analysis assesses the |effect of varying input parameters
- Design to cost/cost as independent variable/should cost analyses
- Design/cost/performance trade-off and technical complexity analyses
- Independent Cost Estimates for evaluation of bids and proposals and bid/no-bid decisions
- Field reliability projections and selection of most cost-effective maintenance concept
- Rapid Level of Repair Analysis (LORA)
- Cost impact of compressed or extended development schedules
- Total Ownership Cost, using Excel Spread Sheets and information not found in the model
- Value engineering and productivity measurement
- “What-if” and cost/risk analyses
- Vendor negotiation and monitoring
- Project resourcing and planning
- Identifying “Best Practices”
- Business process re-engineering
- Competitive analysis or new business venture analysis