Level 4 Ventures, Inc. applies computer models, industry benchmark data, and extensive experience to helping Senior Management, Project Management Offices, and Project Managers optimize their decision making and ensure success.
Level 4's ExcelerPlan is the most flexible and powerful estimation tool available today, supporting estimation related requirement capture, estimation of all project costs, and earned value management based project status tracking.
Learn standardized, process, and benchmark driven approaches to ensuring successful IT projects.
Level 4 's IT Project Success Training is an instructor led, virtual training program offering up-to 36 PDUs in total.
Planning, Programming, Budgeting and Monitoring
Level 4 supports complex government planning, programming, budgeting and monitoring (PPBE) activities for programs Commercially Hosted Infrared Payload (CHIRP), Hosted Payload Office, Space Environmental NanoSat Experiment (SENSE); and Conventional Strike Missile (CSM). Level 4’s support for the planning, programming, budgeting and monitoring (PPBE) cycle includes:
Planning: Identifying and tailoring required deliverables; development of integrated project master work breakdown structures and schedules; and development of project management supporting plans (e.g., Risk Management Plan).
Programming: Supporting the process of optimally selecting and scheduling of projects within a resource constrained environment, and forecasting the impact of various possible scenarios for project execution.
Budgeting: Budget formulation, justification, and execution. Part of this work involves working within organization specific review, approval, and oversight structures for projects.
Monitoring: Monitoring project and portfolio performance using a combination of fiduciary oversight (e.g., expenditure reconciliation) and techniques such as earned value management (EVM). ExcelerPlan implements an extension to traditional EVM with support for monitoring project health across the dimensions of schedule, cost, effort, quality, and risk.
*Feasibility studies (cost estimates, benefit estimates, alternative analysis);
*Development of RFPs with an emphasis on the cost volume, terms and conditions, and evaluation criteria;
*Evaluation support with an emphasis on cost realism and reasonableness, risk analysis, and negotiation support;
*On-going oversight with an emphasis on change management, risk management, earned value/performance tracking, integrated project management, and independent verification and validation (IV&V); and
*Transition support with an emphasis on transition planning, transition services acquisition, transition risk management, and alternative analysis.
Estimation Process Deployement
Level 4 has helped 13 of the Fortune 100, and 6 of the nation’s top 10 banks to improve estimation processes.
Level 4 assists with the optimization of all estimation processes, including functional estimation as part of demand management; technical estimates to support resource scheduling and resource constrained scheduling; and on-going change request sizing during the project life. Our ExcelerPlan product supports single project estimates at all stages of the project life; while our ExcelerStat governance product supports demand management, integrated planning and resource forecasting, and resource scheduling.
Independent Cost Estimation
Level 4 has prepared more than 500 independent cost estimates covering projects with a combined value over $7B, with a combined accuracy to date better than +/-5%.
Independent cost estimates are used by government agencies as part of the feasibility/budgeting process; used to support vendor negotiations; and used to verify cost reasonableness in situations where less than three vendor bids are available as required by the Federal Acquisition Regulations. For large procurements, independent cost proposals may be requested by a bidder to support their cost proposal development, or to perform a competitive pricing analysis.
A formal independent cost estimation process integrated in the change management process is particularly critical for large, long-term projects. These projects will normally have a significant number of change requests over the life of the project, and by their nature these change requests will be non-competitive. Without a previously agreed to estimation oversight function, there are few if any constraints on the vendor when pricing each change request.
ExcelerPlan offers full business analytics support for planning, budgeting, and controlling individual projects.
Business Requirements: Capture business requirements at a level of detail sufficient for estimation purposes
Requirement Traceability: Trace requirements to specific estimation components, and track project progress in terms of completed business functionality
Cost/Effort/Schedule Estimation: Full support for estimation of cost, effort, schedule, engineering artifacts such as test cases, quality metrics including defects, breakdowns by role, and generation of populated work breakdown structures.
Project Status/Dashboard:Track project health across all dimensions, including schedule, effort, cost, quality, and risk.
Earned Value Management: Simple, easy to apply earned value management calculates a schedule performance index, effort performance index, cost performance index, quality performance index; forecasts of schedule, effort, and cost to complete based on performance to date; and forecasts on completion for schedule, effort, and cost based on performance to date.
Resource Planning: Model supported allocation of effort across specific organizations, organizational units, or down to individuals.
According to the latest Standish Group CHAOS report, 50% of IT projects are challenged and 19% fail outright, thereby Implying nearly 2 out of 3 projects are not fully successful.
Learn standardized, process, and benchmark driven approaches to ensuring successful IT projects in our instructor led, split virtual training program.
Founded on December 31st, 1993—Level 4 Ventures, Inc. (Level 4) is a leader in business analytics, with support for cost model development, cost estimating, budget support, project oversight, complex acquisition support, and special financial studies. We have developed benchmark databases, models, and tools to support infrastructure cost modeling; acquisition cost and schedule modeling; and benefit forecasts. We have extensive experience in the area of financial management and budget support for space-related research, development, production, and lifecycle acquisition activities.
Prime Contract Vehicles: GSA MOBIS (GS-10F-0008X), GSA Schedule 70 (GS-35F-040AA), SeaportE, multiple service agreements with California, Texas, Washington, and Florida.
Primary NAICS code: 541611 | Cage Code: 0WVF4 | DUNS: 620069398 |
GSA SINS: 874-1 Consulting Support, 874-6 Acquisition Support, 874-7 Project and Program Management,
132-51 Information Technology Professional Services.
Level 4 is a small, service disabled Veteran owned business.
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