Cost modelling and analysis

We provide comprehensive cost modelling and analysis services to help you in your next major procurement decision.

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Cost modelling and analysis

Cost modelling and cost benefit analysis help to determine and understand the incurred costs and the value derived from a proposed activity, acquisition or investment. Once conducted, they allow organisations or their financiers to investigate different scenarios and determine the most cost-effective way forward.

The services we provide help our customers to understand associated costs, benefits and risks, which in turn allows them to make business decisions with confidence while fully understanding the implications of each option. We provide these services in support of a range of different types of assets. The objective is to ensure that customers understand what drives their costs and that they can optimise their programs to ensure they receive the best value for their money.


Value is quantified through a systematic approach that captures the benefits of each available option within the context of the benefactor’s requirements and priorities, while considering current or potential use and replacement.

Whole-life cost modelling

We determine the procurement, operating and support costs over a given life-of-type by using industry best-practice estimating and modelling techniques. Modelling includes allocation for risk and uncertainty along with simulation and sampling techniques to determine levels of confidence.

Cost benefit assessment

We conduct analyses to demonstrate the trade-off between expenditure and benefit (both actual and perceived), and to calculate the returns on investments and payback periods.  Our approach to cost benefit analysis helps determine the best value alternatives while considering your priorities.

Combined operational effectiveness and investment appraisal services

In the procurement of complex systems, the benefits offered by possible options can often be measured in terms of how well they perform particular tasks within specified environments or settings.  The need to balance financial benefit against effectiveness is a critical part of any program, whether it’s an upgrade to an existing asset or the development of a new capability.  Through COEIA, we can undertake a formal comparison of the cost-effectiveness of a range of options for any system, based on detailed objective quantification of their operational benefits, as well as a traditional investment appraisal of their associated costs. We apply a structured COEIA method to assess the costs, benefits and risks associated with alternative decisions on system expenditure which allow our customers to identify the most effective solutions at the lowest affordable cost.

Our independence and credibility

In order to give a justification for making the right decision, you need an impartial view and a robust business case.  Thanks to our complete independence from manufacturing and equipment supply interests, we can provide truly impartial engineering services and advice.  Our highly qualified experts recognise the need for transparent and robust analyses backed by credible data sources and evidence.  We can provide independent cost estimates, cost model verification and validation services and cost/budget assessments or reviews.

We’re uniquely qualified

To properly identify the true cost drivers and benefits of complex systems and equipment, you need a depth of technical knowledge and an understanding of the inherent functions of the equipment, its interfaces and operating environments.  We deliver services in this area with the help of experienced engineers who are also members of the International Cost Estimating and Analysis Association (ICEAA).