New Product Development Process
Product Development Metrics
Too many companies focus on new product development metrics that tell them whether they’ve succeeded or failed rather than measuring the behaviors that drive success.
Teams are tasked with collecting product development metrics because they’re easy to gather rather than useful. Or they focus on validating whether they succeeded or failed instead of measuring the behaviors that drive success. More effective new product development metrics track the critical few factors that allow project leadership to make better decisions. These metrics provide a direct line of sight between the project goal and the three to five key measures that, when defined and frequently gathered, will best predict the likelihood of achieving that goal.
Effective new product development metrics track the critical few factors that allow project leadership to seed improvements throughout the organization. They provide a clear line of sight to broader, strategic goals. The key is to measure behaviors that are tied to specific initiatives that support theses goals. Our approach to metrics establishes an early warning system that helps drifting projects get back on track.
Articles & Presentations
Program Management 2.0: Monitoring Project Performance (Presentation Slides)
Presentation covering how to create and update Schedule Prediction Accuracy charts and how to demonstrate program status by showing scope, cost and time in one chart. Includes Metrics for estimating progress (at the engineering task levels); Monitoring Progress (Earned Value – Scope, Cost and Time); 3 Risk Monitoring; 4 Circle Dot Charts.
Metrics: More Harm Than Good? (Slideshare)
Measurements can do as much harm as good. The key is measuring the right things. Some criteria for good metrics: Traceable to results (not measure results); Hard to game (objectively measured); Target curve that varies with time; Not related to compensation; Culturally aligned; Easy to measure?
Software Quality Metrics Benchmark Study (Slideshare)
Report on a benchmark study to capture best practices in the application of SW metrics dashboards. Ten technology companies participated in the study.
Agile Project Management in a Waterfall World: Managing Sprints with Predictive Metrics (Slideshare)
Presentation showing how to use predictive metrics to translate Sprints and other Agile approaches to Hardware and mixed systems projects. Shows how to apply boundary conditions to better manage projects.
To address the need to get useful information in a condensed, straightforward manner, we've designed the book into "bite-sized" chapters. You don't need to read the entire book to realize its value. It's organized so the reader can quickly identify the tools they need to solve their biggest problems first. Using a novel graphical format, Innovate Products Faster provides a fresh perspective on how managers can deliver more innovative programs. In this world where we are overwhelmed by a high volume of information, have very limited time, and hold expectations of getting answers instantly, we are adverse to wading through hundreds of pages of text to mine out the few nuggets of needed information.
This book concisely portrays the forty best practices that can be applied to predicting and then managing a project to successful conclusion. It is written and organized as a reference guide for readers to quickly identify specific areas of interest and includes completed examples of each practice as a head start. We have tried and tested each of these tools with managers from small startups to Fortune 500 companies (over 50 clients) and have applied our line management experience in the capacity of CTO, VP of Development, and Program Management (working for iconic brands such as Apple and Bose).
Each best practice uses elegant graphics to illustrate the application of simple tools such as iPad Apps and Microsoft Excel. These downloadable apps are easy-to-customize, pre-filled templates, which are available with the purchase of the book. The existing competition in project management or product development (typically long, obsolete, and mainly text) lacks many of these key differentiators.
- Easy-to-navigate, short, and focused chapters
- Rich graphical tools for solving problems
- Downloadable software templates/apps
- Modern methodologies (Web 2.0, offshoring, Agile, etc.)