Case Study: Parliamentary Budget Officer achieves high-confidence ship cost analysis with PRICE Systems TruePlanning

Parliamentary Budget Officer finds only 4 ships fit budget with PRICE Systems

The Parliamentary Budget Officer (PBO), an independent office for the Canadian Parliament, faced the challenge of estimating costs for a new class of Arctic/Offshore Patrol Ships. With a unique hybrid design that negated traditional estimation methods, the PBO lacked comparable data and turned to PRICE Systems for a solution using their TruePlanning cost modeling software.

PRICE Systems provided its TruePlanning software and parametric estimating expertise, enabling the PBO to create high-confidence, risk-adjusted cost models. The result was a finding that only four ships, not the planned six-to-eight, could be built within the stated budget. This independent analysis from PRICE Systems gave Parliament the critical insight needed to consider budget or capability changes.

Parliamentary Budget Officer