Product Development Performance Assessment

Effort:
20 hours
Duration:
2 weeks
Task:
Detailed functional assessment

There may be a fee associated with this assessment, learn more.

Research and development cost as a percentage of revenue

Complete the Product Development Open Standards Benchmarking Assessment to identify your organization’s potential performance gaps in getting high-quality products and services to market.

Considering the complexity of the product development activities in many enterprises, it is important to monitor and evaluate the inputs, outputs, and outcomes of this vital process. This assessment will focus on the following product development processes:

  • Govern and manage digital product/service development program,
  • Generate and define new product/service ideas using AI, and
  • Design and prototype products and services.

Through this assessment, you will uncover opportunities to compare how your organizations product development function compare with others in your field of performance.

Metrics include in this assessment include:

  • Average time-to-profitability in months for new product/service development projects
  • Net Promoter Score
  • Total FTEs that work on digital product team per $1 billion revenue

All submissions to APQC's benchmarking database, both Open Standards Benchmarking and Rapid Performance Assessments, must be collected using APQC's easy-to-use Microsoft Excel data collection instruments. Please download a fresh copy of the assessment file by clicking the “Download Survey to Start Assessment” button.

Each benchmarking assessment offers an Excel-based data collection tool consisting of the survey itself, the measures associated with the survey, the glossary terms needed to understand the survey, and a copy of the Process Classification Framework (PCF) relevant to the data collection instrument. The consolidated data collection tool is intended to simplify the collection of benchmarking data within your organization.

How it works:

ASSESSMENT SUBMISSION GUIDE

Once you have completed the data collection instrument, simply upload the file using APQC's secure file upload tool. Visit this URL to upload your file: https://zurl.co/8Rg92. If you are unable to connect to that web site, please contact the helpdesk for more information by sending an email to [email protected]. Please do not send privileged, confidential, or non-public data to APQC via email. Please contact the helpdesk on [email protected] if you have any further questions.

APQC analysts will immediately begin validation of your submission.

Download Survey to Start Assessment