Cost Assurance

Independent Cost Assurance Services

We use the Arrisca Analyser product along with proprietary processes and forensic techniques developed over a twenty year period forUK MoD and industry to deliver fast, high-quality assurance of cost, schedule, ops and performance models.

 

We have carried-out many hundreds of cost assurance exercises over the years all over the world using skills we developed the around the Arrisca software to be able to analyse, understand and optimise models used to make significant business and buying decisions.

The process picks-up a lot of ‘over-programming’, sand-bagging and double-counting, in addition to providing a clean bill of health to an organisation's own FOO (forecast of out-turns) and business case models, with the added benefit of INDEPENDENT ASSURANCE.

By understanding and improving the quality of models and focusing-in on the key input elements that drive the out-turns we are able to explore options and optimise the results.

By identification and elimination of over-programming (risk-loading) and re-articulation of the model at its deterministic baseline we facilitate practical separation, movement and management of risk and opportunity components, providing a clearer and more accurate baseline picture that is enhanced by the stochastic range of potential outcomes.

 

The risk requirement identified and allocated can be appropriately managed and may not need to be paid-out wholesale or skew the price of a tender, dependent on perspective.

riskHive iCAS customer-win examples

Biotech Production

Project value

$500m

Out-turn

Saving

$450m

$50m (10%)

Savings made in

Change of manufacturing process strategy

Nuclear safety case

Project value

£162m

Out-turn

Saving

£84m

£78m (48%)

Savings made in

Over-programming and negotiation leverage

Naval procurement

Project value

£5,700m

Out-turn

Saving

£4,500m

£1,200m (21%)

Savings made in

Cost model errors and assumptions

Civil aircraft manufacturing

Project value

£8,000m

Out-turn

Saving

£6,800m

£1,200m (15%)

Savings made in

Commercial cost re-evaluations & leverage

Rail procurement

Project value

£9.0m

Out-turn

Saving

£7.8m

£1.2m (13%)

Savings made in

Cost model errors and assumptions

Gov't project business case

Project value

£19,000m

Out-turn

Saving

£5,200m

£13,800m (73%)

Savings made in

Cost model errors and assumptions

Naval procurement

Project value

£6,800m

Out-turn

Saving

£6,200m

£600m (10%)

Savings made in

Tender cost model errors and double-counts

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