Experium Engineering Consulting – Product Development Consulting, Engineering Due Diligence, & Failure Analysis Consulting
Experium Engineering ConsultingPhone: (617)240-4453 www.experiumconsulting.comAt
Experium Engineering Consulting, we apply the fundamental concepts of physics and mechanical engineering, decades of proven experience in the design and development of high-technology machinery, and the lessons-learned of running large and small engineering organizations while providing critical review of mechanical designs, subsystems, and systems….to solve your problems and execute your mission. With Experium helping you, you get the best value of proven experience at a cost well below that of deploying a large engineering organization. Whether it be systems engineering consulting or mechanical engineering consulting, Experium will help you meet your needs. Our mission is to help our clients. And if we cannot help you, we will say so before any work or planning takes place. Ask us what we can do for you.
Engineering Due DiligenceWhat is Engineering Due Diligence?• A process for risk abatement in business acquisitions, partnerships, revenue sharing, and joint engineering programs• Engineering capability assessment• Engineering knowledge assessment• Not necessarily a legal activityDue diligence, traditionally defined, is a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its commercial potential. As more companies strive to work together on joint projects or pool their technical resources to accomplish a common goal, due diligence takes on a broader definition.
For two entities to make the best use of each other’s capabilities and technical resources, both must know how they compare to each other and if their joint resources add up to a sum greater than the individual capabilities. Also, in many cases, one company is the knowledge leader and the other is a “wannabe” who wants to team with the industry leader to gain a better position in the industry. In this scenario, the industry leader needs to find out if the potential “partner” has the knowledge, tools, and technical capabilities to deliver their end of the bargain. In this scenario, at Experium, we look for what the entity being assessed knows, does not know, and most importantly, what they don’t know they don’t know. Our assessment addresses people, their expertise and knowledge, tools, facilities, practices, and analytical methods.
Engineering due diligence is a process that, if well executed, educates both parties in a way that ultimately determines what each can bring to the project, partnership, acquisition, or other relationship. And it does it in such a way that both parties can avoid disenfranchisement…especially the entity being assessed.
At Experium, we have the experience and knowledge to conduct engineering capability assessment in a due diligence environment.
Working TogetherOur process is straightforward. We are happy to sign your non-disclosure agreement or other documents that you use to protect your interests. Our own contract is a simple agreement that outlines the scope of work, billing rate for each consultant, and maximum expenditure for labor and expenses during the engagement. Invoices are provided on a weekly or monthly basis, depending on the scope of the work. Phone consultations less than 15 minutes during a given consultation effort are not charged.
Contact us at (617) 240-4453 or
Email Experium for real-life examples of how our experience, knowledge, and expertise can help your business. We believe we can help a company of any size, from individual, to startups to Fortune 500 companies. We want to be the most productive and economical solution to your needs and problems.
Experium Engineering Consulting
Boston, MA 02360
Phone: (617) 240-4453www.experiumconsulting.com
