Case Study: BAE Systems improves early concept cost estimation with PRICE Systems

BAE Systems improves early cost estimation with PRICE Systems using rapid sensitivity analyses

The customer, BAE Systems, faced a challenge in generating accurate cost estimates for its Underwater Weapons Division during the early conceptual stages of projects when hardware details were minimal. To address this, they turned to vendor PRICE Systems and utilized its PRICE H and PRICE HL (Hardware Life Cycle) estimating software.

Using the software from PRICE Systems, BAE was able to perform rapid sensitivity analyses by altering key variables. This interactive process immediately showed the cost impact of design changes, which improved the accuracy of their estimates for design, production, and life cycle costs. The solution enabled more effective bid support and helped calibrate their costing models with relevant historical data.

BAE Systems