Based on scientifically published methods and models Cost Xpert developed the intelligent solution of IME, for IT/Software projects to successfully contribute to the realization of organization specific business objectives. Cost Xpert’s competency is based on practice proven expertise, expert knowledge and many years of experience.
 

In a combined workshop in August of this year, a world-leading insurance provider put Cost Xpert’s innovative methodology to the test. The insurance giant, prepared with actual project data, confronted the innovation-leading Cost Xpert in four mission critical areas of its IT/Software projects. Despite the level of complexity of these projects, Cost Xpert arrived at exceptional results without significant lead-time. This was accomplished through the correct selection, application, and combination of different project types, and newly developed methods for UML Based IT/Software projects, under consideration of specific hard- and soft facts, and the accurate translation of its requirements. Faced with such minimal deviations from its actuals the worldwide leading insurance company was impressed. Cost Xpert had yet another chance to successfully evaluate the Integrated Methodology-driven Estimation in this context.
 

Methological support by Cost Xpert is of great benefit to this insurer. Valuable potentials for the economic optimization of its enterprise wide business and service processes, along the value chain creation, were transparently displayed. The comprehensive approach delivers the realistic estimation of effort, time, cost, resources, risk, bugs, and documentation page count over the entire lifecycle of IT/Software projects, prior to any investments being made. A transparent view revealing all factors of every project phase, and specific process steps, allow a maximum of flexibility with consistent stability, leading to a high degree of process efficiency for this leading insurance provider.
 

An important success criteria for this world wide leading insurer and financial servicing organization lies in complete transparency of its IT/Software project investments. Based on the detailed results provided by Cost Xpert’s expert system, potential risks, and their sensitivity, can be analyzed and evaluated in detail prior to project kick off. Integrated risk management with the systematic and hierarchical risk identification is a pre-requisite for solution oriented error prevention. Not at least due to legal and regulatory requirements, most enterprises are driven to the application of risk management processes.
 

Cost Xpert handles approximately 100 methods and models, and applies the latest findings from research, as well as analysis of client’s projects, in a timely fashion. The aforementioned evaluated method will be incorporated into the latest product offerings in the middle of 2008, to become one of its standard methods. “We are currently testing if this new model can still be incorporated in release 3.7, in order for our customers to benefit from its approach as soon as possible,” states Joachim Gielnik, Chairman of the board of Cost Xpert AG. The ongoing exchange between these two enterprises assures the advancement of knowledge into the future. Additional levels of cooperation are planned for the spring of 2008. Both organizations are committed to intelligent and innovative solutions, to produce measurable and lasting value to its clients with a high degree of satisfaction.