Rapid Product Development Metrics

Abstract

A famous executive once said that “God is entitled to opinion, all others must bring facts and data”. To get agreement on the specific needs of a company, the best approach is to back up recommendations with facts. Are the new products which arrive in your manufacturing operation up to standard? Would a series of analytical tools and approaches which are being used in industry to improve and speed up new product development processes be useful? The “staffing ratios” tool is applied to make sure that the right amount of human resources and skills are in the right places at the right times. Does your company hit the planned market release dates for new products? Tools such as “time‐to‐market prediction” may be applied to assess past project performance and to predict the schedule outcome of current project‐in‐process. Does your company achieve early cross‐functional involvement on projects? The “concurrency matrix” tool may be used to define cross‐functional requirements and quantify the degree of paralleli...