"Systems Cost Engineering:" A New Bible of Parametric Modeling

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PRICE Systems' executive releases new book detailing the benefits of parametric estimating. The book provides real world examples of the impact of parametric estimating across multiple phases of the government acquisition process.

a new bible of parametric modeling

"Systems Cost Engineering," from Gower Publishing (http://www.gowerpub.com), is described by its author as "a new bible of parametric modeling," an estimating method that uses parameters to define the size and geometry of features and to create relationships between them.

Dale Shermon, a senior executive consultant with Price Systems a company that provides estimating software solutions and services to government agencies, aerospace and defense companies and commercial organizations, said he wrote the book to help cost engineers, project managers and program directors better understand and apply parametrics to achieve greater success with complex projects. "

"The information in this book gives project sponsors and bid managers confidence in the business case they're developing, enabling them to communicate a clear and transparent picture of the risks, opportunities and benefits," said Shermon, who has been a planner, estimator and cost engineer for organizations such as Rolls-Royce, British Aerospace and the Ministry of Defense (U.K.) He was recently awarded the Frank Freiman Award by the Society for Cost Estimating and Analysis. The society's highest honor, the award is given to an individual recognized for excellence in the field of parametric cost estimation.

Subtitled "Program Affordability Management and Cost Control," the book gives real-life examples in a variety of industries that illustrate how the application of parametrics can provide a detailed guide to the rationale and value of cost engineering. "By applying the principles described in this book, readers can ensure that projects are never initiated with insufficient funding because of inaccurate estimates nor diverted from their objective because of a lack of credible cost management," Shermon said.

"Systems Cost Engineering" (ISBN: 978-0-566-08861-2) costs $135.00 and is available from the publisher and at Amazon.com. For additional information, please contact:

PRICE Systems the world leader in estimation and analysis software enables government agencies, aerospace and defense companies, and commercial organizations to successfully select, control, and deliver large-scale, high-visibility projects. PRICE Systems offers cost estimating and analysis, benefits modeling and knowledge capture applications that help customers control costs and schedules throughout a project's lifecycle.

Established in 1975 with offices in the United States, Europe, and Asia-Pacific, PRICE Systems serves more than 350 customers worldwide. More than 11,000 project professionals have been trained in the company's cost estimating and analysis methodologies.

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Brett Schultz
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