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Parliamentary Budget Officer of Canada

Category: Use Cases

TRUEPLANNING® AND PRICE® PARAMETRIC ESTIMATING EXPERTISE SUPPORT PBO’S BUDGET FEASIBILITY STUDIES ON MAJOR CAPITAL PROJECTS FOR THE CANADIAN PARLIAMENT —

 

Challenge:

Provide an independent budget analysis to the Canadian Parliament on the estimated cost to build six-to-eight Artic/Offshore Patrol Ships (A/OPS). The A/OPS conceptually feature an unprecedented hybrid design between ice breakers and open ocean vessels, negating both estimate by analogy because of insufficient comparable data and bottom-up estimating for lack of detailed information.

Solution:

Parametric estimating with PRICE® TruePlanning® cost modeling software and supporting PRICE Systems methodology expertise to determine costs using high-level descriptors (ship size, weight, technology, engineering complexity, etc.) and historical shipbuilding costs.

Case Study

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