Case Study
BAE Systems Improves Early Concept Estimation
BAE Systems Underwater Weapons Division - a world leader in the design, development, production and through life support of advanced underwater systems - has licensed PRICE Systems H and HL (Life Cycle Cost Model) software since 1989. The Division needs to generate accurate estimates of projects in their early conceptual stages (e.g. feasibility study, project definition and bid support) with a minimal amount of hardware information. The PRICE Hardware Estimating Model meets this need and the resulting data is incorporated into the PRICE Hardware Life Cycle Estimating Model to estimate life cycle cost and to calibrate and validate the model’s effectiveness: and improve its’ accuracy. Furthermore, the interactive nature of the H and HL models enables sensitivity analysis during t