Percentage of new product/service development projects launched on time
This measure calculates the percentage of new product/service development projects that are completed and made ready for marketing/sale on time, relative to the launch date established in the project business case at the start of the "design and develop product/service" process. It 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 |
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Compute this Measure
Units for this measure are percent.
Percentage of new product/service development projects launched on time
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.