Engineering A Data Management Product Increased Profitability

Services

Product Strategy, Project Planning

Client
Matrix Technologies Inc.

Matrix Technologies Inc. offers engineering services to industrial corporations.

On small and large scale engineering projects, engineers from multiple disciplines collaborate to design industrial processes and automation. Matrix delivers documentation and data upon start up.

Engineers are dependent on other disciplines to complete their design. When design changes arise for one discipline, other disciplines must respond and adjust their deliverables accordingly.

Improvements to engineers' productivity through the digital product has a direct impact on EBITDA.

Challenge

MTI discovered an opportunity to improve the productivity of engineers while driving better client outcomes: a digital tool for engineers’ design documentation workflows. Initial searches for a solution illuminated a major operations and adoption hurdle. Implementing a pre-existing solution would require reconstructing engineers’ well-established workflows.

Solution

WynHouse and MTI partnered to create product roadmap and project execution plan to develop a engineering data management platform. Relating functional requirements and business requirements, WynHouse measured the impact of the product on key financial metrics.

47% of engineers agreed that collaboration was key to project success

Results

WynHouse and MTI were able to engage product development with a firm-fixed price estimate.

Project execution plan led to a firm-fixed price development estimate
Stakeholders and users aligned on product functionality and business goals
Product impact analysis resulted in a significant increase in profitability
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