Mt. Laurel, NJ (PRWEB) February 27, 2014
PRICE® Systems LLC, pioneer in the science of parametric estimating and developer of the PRICE® TruePlanning™, and its partner, Creasys, an Italian consultancy and business monitoring firm, have introduced an entirely new framework for cost management.
The framework supports faster, more robust decision-making by facilitating the quick, reliable comparison of two methodologies: top-down estimates with parametric tools for forecasting and bottom-up estimates. This strategic cost management approach reduces the time and expense required to satisfy program estimating and management needs thus improving the effectiveness of forecast baseline and estimate generation for A&D and technology-intensive engineering projects alike.
“While the ICOSMOS workshop was an ideal forum to unveil the PRICE framework to the industry at large, the solution has already been implemented with great success by Creasys at major government agencies and original equipment manufacturers worldwide,” commented Giovanni Picca, Owner and General Manager of Creasys.
“This innovation is the unique result of the combined expertise and partnership of PRICE and Creasys,” remarked Georges Teologlou, Vice President and Head of PRICE Systems International. “We at PRICE feel very proud as we consider this framework to be the launch pad for a new and relevant era of cost management.”
For more about this newly-introduced cost estimating framework, visit pricesystems.com/events.
About PRICE® Systems
PRICE Systems provides more than 40 years of cost estimating software expertise across a wide variety of market applications and business needs—from aerospace and defense program planning and budgeting to design studies, bids, and proposals for new hardware, software, and microelectronic components. Today, PRICE cost models developed from more than 21,000 projects, plus ongoing PRICE research into refining how those models reflect realistic costs, and PRICE frameworks for integrating client-specific cost histories into new estimating efforts, put PRICE Systems at the forefront of cost estimating and cost management solutions.
Creasys, an Italian consultancy and business monitoring firm, has acquired significant experience in specialized services such as the management of important projects, the supervision of production processes and the internal management of large institutions, both public and private. The continuity and quality of services provided on time, combined with the formulation of proposals supported by the internal Research and Development laboratory's innovative technology, are the most evident sign of the fundamental principle that motivates the professionals at Creasys to serve their clients.