Case Study: NASA achieves reliable cost and schedule estimates for new space technology with PRICE Systems

NASA estimates 300 components for new space technology with PRICE Systems

NASA faced the challenge of creating a reliable cost and schedule estimate for its groundbreaking Space Interferometry Mission (SIM), which used entirely new technology with no existing cost or technical analogies. To tackle this, NASA's IPAO at Langley Research Center utilized the PRICE Hardware and PRICE Software Estimating Models from PRICE Systems.

The solution involved using the flexibility of the PRICE models to break down complex subsystems into approximately 300 lower-level components for practical estimation. Through open communication and consultation with a PRICE Executive Consultant, NASA successfully created a validated estimate and schedule. PRICE Systems provided the tools that enabled the verification of the program’s management schedule, ensuring a credible and practical plan for the new technology.

NASA