The metrics and frameworks employed by PMG are key performance tools for helping you prioritize and focus your improvement opportunities. The Product Innovation Benchmark draws upon PRTM’s product development thought leadership and the combined benchmarking expertise of PRTM and PMG, developed over the past 10 years. Metrics are based on PRTM’s Product and Cycle-time Excellence model (PACE®)

The Product Innovation Benchmark covers both quantitative key performance indicators (KPI’s) as well as qualitative key performance levers (KPL’s). The KPI section focuses on Six Areas: Innovation, Productivity, Speed, Cost, Quality and Value:

Innovation

• % Revenues from New Products
• Market Coverage
• Product Launches by Core Markets
• # of new ideas
• # of Technology Completions
• Product Requirements Novelty

Productivity

• Pipeline Throughput
• Pipeline Snapshot
• # and Cost of Prototypes
• # of ECOs per Engineer
• # of BOM releases per Engineer
• Resource Utilization

Speed

• Development cycle times, by project complexity
• Schedule integrity
• ECO cycle time
• Speed to respond to market opportunity
• Speed to develop a new technology

Cost

• Project Budgets
• Project Budget Integrity
• Development Spend as % of Revenues
• Average Cost per Resource
• Product Cost Integrity

Quality

• Product Reuse
• Platform and Product Leverage
• BOM Accuracy
• Engineering Changes pre launch
• Engineering Changes post launch
• Quality Incidents at Launch
• Product requirements fulfilled

Value

• Impact to COGS
• Impact to R&D Budget
• Boost to Revenue due to speed
• Boost to Revenue due to innovation
• Cost of Poor PD Quality