Case Study: Electronic and Maritime Systems reduces proposal turnaround by one-third with PRICE Systems TruePlanning

Electronic and Maritime Systems - Customer Case Study

A leading manufacturer of advanced electronic and maritime systems was experiencing significant delays and inefficiencies in its proposal process. The company relied on a manual, bottom-up method that required extensive input from subject matter experts, which was time-consuming and often resulted in missed deadlines. An operations research analyst sought a solution from PRICE Systems to reduce this workload without sacrificing the accuracy of their estimates.

PRICE Systems implemented its TruePlanning Cost Estimating Framework, which allowed for top-down estimates incorporating multiple cost models. This streamlined the process, eliminating the need to reconcile numerous interdependent files. The results included a 33% reduction in proposal generation time and a 10% reduction in labor. Estimates were validated to be within 7% of previous proposals, the on-time delivery rate doubled, and the tool gained acceptance as a crucial decision-making tool for senior management at the electronic and maritime systems manufacturer.

Electronic and Maritime Systems