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The application of virtual engineering methods can streamline the product design process through improved collaboration opportunities among the technical staff and facilitate additive manufacturing processes. A product digital twin can be created using the available computer-aided design and analytical mathematical models to numerically explore the current and future system performance based on operating cycles. The strategic decision to implement a digital twin is of interest to companies, whether the required financial and workforce resources will be worthwhile. In this paper, two metrics are introduced to assist management teams in evaluating the technology potential. The usefulness and time savings metrics will be presented with accompanying definitions. A case study highlights the usefulness metric for the “Deep Orange” prototype vehicle, an innovative off-road hybrid vehicle designed and fabricated at Clemson University.