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.
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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.
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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