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Business Transformation of Life Cycle Cost Estimating at PEO STRI / Processes

By PRICE® SystemsMay 24, 2021

The U.S. Army’s PEO STRI used the tenets of Better Buying Power and Continuous Process Improvement (CPI) to improve life cycle cost estimating, focusing on the processes and applications that produce credible data-driven, comprehensive, and reliable cost estimates. The implementation resulted in earlier and faster production of estimates; increased confidence in program estimates; and improved organizational ability to defend estimates. This presentation describes the challenges, processes, and internal controls associated with the success of PEO STRI initiatives.