Defense Ministries of Japan, Italy, and Spain Select TruePlanning From PRICE Systems

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Thi Ministries of Defense from Japan, Italy, and Spain have selected PRICE Systems cost estimating software solution in order to provide more stringent oversight of large-scale, complex projects through accurate cost estimation early on in a program's lifecycle.

These MoDs vary widely in size and budget but they all share a need to control costs in their financial, procurement and technical operations

The Ministries of Defense (MoDs) of Japan, Italy and Spain—all seeking closer oversight of large-scale systems, more accurate capability/cost estimations, tighter control of budget constraints and better lifecycle cost management—have selected cost management solutions, including TruePlanning® cost estimating tools, from PRICE Systems. PRICE pioneered the development of parametric estimating software over 35 years ago.

“These MoDs vary widely in size and budget but they all share a need to control costs in their financial, procurement and technical operations,” said Georges Teologlou, PRICE System’s VP of International Operations. “TruePlanning is a cost estimating engine that improves financial results by integrating budget information at an early stage and expediting procurement by establishing more accurate supplier assessments and expanding the analysis of design alternatives. PRICE Systems also offers comprehensive mentoring services that will guide users through the global deployment process—a major factor in successfully implementing a cost management initiative.”

TruePlanning promises to deliver a significant ROI by bringing speed and accuracy to the estimating and decision making process. According to PRICE Systems, it is the only solution that allows users to estimate hardware (mechanical and electronic), software, IT and System of Systems projects in a single framework. TruePlanning comes with easy-to-use reporting capabilities that enable organizations to present findings and support decisions produced from cost analysis and build their own corporate memory.

“The PRICE Systems TruePlanning cost estimating tools, including implementation services, hands-on training and customer mentoring, is invaluable to defense ministries, other government agencies and private organizations,” said Teologlou. “Because TruePlanning produces credible estimates and performs real-time analysis, it simplifies the process of communicating cost policy and justifying expenditures, a desirable feature for organizations that must answer to elected officials, taxpayers and shareholders.”

About PRICE Systems
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.

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Brett Schultz
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