June 24, 2008

PRICE Systems Improves Workforce Productivity With the Release of TruePlanning 2008

MT. LAUREL, N.J., June 24 /PRNewswire/ -- The latest release of TruePlanning by PRICE Systems (http://www.pricesystems.com/) called TruePlanning 2008 was announced today. TruePlanning 2008 provides new upgrades to usability, significant enhancements to the Common Estimating Framework, and overall improvements to the Systems, Software, IT, Hardware and COCOMO estimation capabilities.

TruePlanning 2008 is a complete and robust suite of integrated cost models and benchmarks, along with powerful, fast knowledge management. It enables the cost, schedule, and risk management estimation and analysis of both product and IT system lifecycles. PRICE Systems, whose clients include the Fortune 1000, Federal, State, and International Governments, and major Aerospace and Defense companies, is the world leader in estimating and analysis solutions.

"In TruePlanning 2008, we focused on features that improve our customers' productivity," said PRICE Systems President and Managing Partner Anthony DeMarco. "We added powerful scheduling features that instill estimating confidence and we made all aspects of analysis faster. Initial customer response has been exceptional, igniting excitement throughout our industry."

The key features of the TruePlanning 2008 release are:

-- Speed -- With several critical architectural changes, the performance of TruePlanning 2008 is now, at minimum, 10 times faster in all facets of processing and computations.

   -- Planning and Managing Project Schedules:       -- Gantt View -- The analysis and display of integrated schedules can         now be made in a graphical format.      -- Milestones -- This new feature enables customers to anchor their         hardware project schedules based on the expected delivery of their         first production or prototype unit.      -- Schedule Constraints Capabilities -- Impact determination on the         amount of work required for projects and cost estimates can now be         made with scheduling adjustments.      -- Tabular View Schedule -- As a newly advanced feature, it is now         easier to compress or stretch any project schedule, according to         organizational needs, and adjust it by setting activity start and         end dates.     -- Productivity:       -- Productivity Enhancement through Integration -- With this release,         customers can import Bill of Materials from a MRP system, import         directly from an ERP system, and import requirements data.      -- Integration with Microsoft Excel -- Quick and seamless automatic         importing of activity, resource, and cost information and escalation         data is now enabled with this release. Customized reports can now be         created as well.      -- Integration with Microsoft Project -- With this new connection,         project data and cost estimation can be performed on a         bi-directional basis. Scheduling information can be customized         throughout the lifecycle of a project.    

In addition, considerable upgrades, improvements, and new development capabilities affecting Systems, Software, IT, and Hardware estimation are now available in the TruePlanning 2008 release.

About PRICE Systems

PRICE Systems (http://www.pricesystems.com/), the world leader in Estimation and Analysis tools and solutions, enables insurance, financial services, healthcare, government agencies, aerospace and defense programs, and other organizations to successfully select, control, and deliver large-scale, complex, and high-visibility projects. PRICE Systems instills the confidence necessary to bring together historical data in real-time to factually anticipate the future right now. It does this by offering cost estimating, cost analysis, and knowledge capture tools, combined with expert consulting, project control methods, and best practices, to help customers better control costs and schedules throughout a project's lifecycle, ensuring visibility and project optimization.

Established in 1975 with offices in the United States, Europe, and Asia-Pacific, PRICE Systems serves more than 350 customers worldwide. More than 11,000 project professionals have been trained in the company's cost estimating and analysis methodologies.

PRICE Systems

CONTACT: Christopher J. Pfister, Director of Marketing of PRICE SystemsL.L.C., +1-856-608-7219, [email protected]

Web site: http://www.pricesystems.com/