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PRICE® Data Set Initiative – Creating Knowledge from Data

The PRICE® Data Set Initiative, established to add value to the cost community through transparent, distributable, and credible data sets, is progressing nicely. A white paper that describes the history of data collection at PRICE® and the processes used to gather, analyze, and utilize data collected, in support of the PRICE Cost Analytics™ technology, and the cost community, is being authored and will be available later this year. Thousands of data points have been amassed from external and internal sources. We are in the process of finding and implementing ways to create visualizations using the information learned from these data points.