Percentage of existing product/service improvement and extension projects launched on budget
This measure the percentage of existing product/service improvement and extension projects completed and made ready for marketing/sale within or on budget, relative to the budget established in the project business case at the start of the "design and develop product/service" process. Existing product/service extensions result in new applications of existing products/services whereas existing product/service improvements focus on improving the customer experience. This measure is part of a set of Process Efficiency measures that help companies optimize the performance of their "develop and manage products and services" process by minimizing waste and refining resource consumption.
Benchmark Data
25th | Median | 75th |
---|---|---|
- | - | - |

Compute this Measure
Units for this measure are percent.
Percentage of existing product/service improvement projects launched on budget
Key Terms
Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.
The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.