A European leader in construction, specializing in the manufacturing of high-performance concrete building solutions, was acquired by a private-equity firm seeking to increase the financial performance of the organization.
A large-scale transformation program was developed, aimed at reducing costs and increasing revenues, setting an initial goal to increase earnings before interest, taxes, depreciation, and amortization (EBITDA) by $230+ million.
Wave was instrumental in providing a framework for the program structure, leading to discipline within the organization.
Wave combined aspects of project management and an impact-tracking tool, which allowed for advanced key-performance-indicator tracking and offered a weekly view on operational performance.
Through a combination of execution monitoring, impact tracking, and actual versus target analysis, Wave created a clear picture for the organization’s leadership team on the achievements of the program.
Multiple workstream teams managed more than 1,600 initiatives and 8,000 actions in Wave, across different locations.
Wave was adopted by the management team, program-management office, and colleagues on the ground. The private-equity firm that owns the client likes it as well, because it gives them a strong understanding of how its investment is gaining value.
Over the next 4 years, total expected impact is $615+ million.