Case Study: Information System Technology establishes realistic 10-year technology budgets with PRICE Systems

Establishing Budgets for a 10 Year Technology Project

The customer, Information System Technology, faced the challenge of establishing a credible budget for a massive, 10-year project to modernize its old system through evolutionary acquisition. This required estimating the full lifecycle costs of a program involving simultaneous development, maintenance, and enhancement activities, a complex task for which they enlisted the vendor, PRICE Systems.

PRICE Systems provided a modeling solution that allowed analysts to create an estimating structure mirroring the program's planned evolution. This unique approach successfully generated a comprehensive estimate of the true acquisition cost. With this PRICE estimate, the customer was able to establish a realistic, time-phased budget, ensuring proper funding was in place from the outset for the full delivery of capability.