In a previous blog post on product development, I presented some key cross-industry benchmarks. But what if you want to be more specific in your benchmarking? APQC has created a collection of product development benchmarks for those wanting to know performance within specific industries.
Product Development Benchmarks: Industries Featured
The Key Product Development Benchmarks collection currently features information on the following industries (with more to come soon):
- Consumer products/packaged goods
- Industrial products
Each benchmarks document includes the median metric value for 15 measures related to new product development projects and improvement projects for existing products. See how your organization’s performance measures up to that of others in your industry, and identify performance measures that may signal problem areas in your product development function.
Don’t see your industry in the collection? Let us know in the comments which industries we should focus on next.