PRICE Systems Announces Major Wins in Federal Markets

US Army National Automotive Center and National Computerization Agency of Korea Gain Greater Cost Visibility and Project Control

MT. LAUREL, N.J., Dec. 2 -- PRICE Systems, the world leader in Project Affordability Management solutions for the global Federal market, today announced two contracts for its Cost Estimating and Project Control tools and Cost Modeling services with the US Army National Automotive Center and the National Computerization Agency (NCA) of Korea.

"PRICE Systems is dedicated to helping government agencies and large commercial enterprises implement consistent, credible and successful cost management practices," said Anthony DeMarco, president of PRICE Systems. "We are pleased to be able to help these organizations gain a true view of the cost and effort of their complex projects and therefore control and deliver them more effectively."

US Army National Automotive Center's Future Combat Systems (FCS) Program Will Accelerate Design Process and Reduce Costs with Integrated Cost Analysis and Design Engineering Models

    Team OFCM, led by Altarum Institute, with PRICE Systems as the major
  partner, will develop the Objective Force Cost Module (OFCM) for the
  US Army Tank-Automotive and Armament Command (TACOM) National
  Automotive Center. According to the President's FY04 Budget, "OFCM
  [is] critical to the on-time and on-budget deployment of the Future
  Combat Systems."
    FCS Program stakeholders must be able to get cost impacts of design
  alternatives in a timely manner.  FCS is a complex and multifaceted
  system, in which PRICE Systems' estimating tools will be integrated
  directly with engineering models.  Rather than waiting days or weeks
  for estimates on design alternatives, the program seeks to deliver
  faster decision cycle times through first-pass success, lower life
  cycle costs due to requirements-driven design, and accurate cost
  estimates derived early in the process.

The US Army TACOM National Automotive Center is engaged with PRICE Systems' newly formed Consulting Services Division, established earlier this year and based in Arlington, VA. PRICE Systems consultants are experts in defining, controlling, and containing cost, with specialties in building budgets, evaluating performance, identifying risk, analyzing tradeoffs and continuously monitoring program value. The company's highly skilled and experienced consultants are certified in commercial best practices and use PRICE Systems' tools or other accepted cost methodologies to support their clients' programs.

National Computerization Agency (NCA) of Korea Selects PRICE Cost Estimating Tool to Establish Software Development Cost Model

    The Korean NCA is the lead agency in the nationwide initiative to
  set up "e-Korea," which is defined by a series of missions including
  the construction and promotion of the Korea Information
  Infrastructure; management and operation of public organizations'
  information networks; and evaluation and audits of IT projects and
  systems.  The Korean NCA is the most important agency for commercial
  software auditing.
    After a rigorous competitive evaluation, the Korean NCA selected
  PRICE S, PRICE Systems' Software Development and Support Cost
  Estimating Model, as its tool to audit software development. PRICE S
  is part of the PRICE Estimating Suite, state-of-the-art, industry-
  specific applications used to estimate costs and schedules, assist
  in product planning, and improve project control.  PRICE Systems'
  Korean distributor, Prigent, supports the NCA's project.

  About PRICE Systems

PRICE Systems, the world leader in Project Affordability Management solutions, enables government agencies, defense programs and commercial organizations to successfully select, control and deliver large-scale, complex and high-visibility projects.

The company's offering combines PRICE Systems' suite of cost estimating, Earned Value Management and project control tools with expert consulting services to help customers better control costs and schedules throughout a project's lifecycle. PRICE Systems' strength is based on 28 years of Federal market experience, a dedicated cost research team and comprehensive cost models with the most relevant benchmark data. With PRICE Systems' Affordability Management solutions, customers minimize risk and cost, accelerate project development and improve the effectiveness of project selection, control and delivery.

Established in 1975 with offices in the United States, Europe and Asia- pacific, PRICE Systems serves more than 250 customers worldwide. More than 9,000 project professionals have been trained in the company's cost estimating and analysis methodologies.

PRICE Systems: The True View of Project Affordability. For more information, please visit www.pricesystems.com.

   Media Contacts:
   Jennifer Bofinger, Full Circle Communications
   Mobile: 215-266-2929
   E-mail: jenbofinger@yahoo.com

   Rebecca Umberger, PRICE Systems, L.L.C.
   Office: 703.351.5293
   E-mail: rebecca.umberger@pricesystems.com