Relative quality and reliability compared to competitive products through evaluation by customers or consumers.
IRI resources assist your day-to-day R&D functions and help in problem solving. Search by keyword, topic, or your R&D role to find tools to help you manage your organization's R&D and innovation process more effectively.
A set of measures of both the cost efficiency and cost effectiveness of the operation of R&D processes within the company, for example, average cost per successful project, spending as percent of projected project cost, percentage of costs devoted to successful projects, and others.
Percent of projects in the total R&D portfolio which explicit business unit and/or corporate business management sign-off.
The number of ways a technial asset can bring value to the corporation.
External or internal customer evaluation of the capabilities and output of the R&D function or the innovation process.
Background | User Guide | Program Contents | Stakeholders | List of Metrics 1. Metric Definition The elapsed time from either identification of a customer product need or the establishment of a...
The percent of projects in the total portfolio going through a defined project management system with defined milestones.
A metric to determine how well an R&D portfolio is protecting the technology investment and technical position of the company.
The calculated sum of future value expected to be realized from current R&D projects.
1. Metric Definition A group of measures of the financial return of R&D or the innovation process, including the New Sales Ratio (the percent of current sales originating from new products), Cost...
The degree of alignment of an R&D project or an R&D portfolio with the strategic intents of the company or a division of the company.
Technology Value Program is a tool to enhance the effectiveness of R&D by providing a framework for selecting a small number of appropriate metrics.
Background | User Guide | Program Contents | Stakeholders | List of Metrics I. Technology Value Pyramid consists of a hierarchy of categories of metrics: Value Creation : Metrics which directly...
Metrics which indicate the technology strength of the corporation and relate to the probability of success versus competitors for the opportunities which have been selected by the firm are contained in this category. This is an indicator of the potential for the creation of future value.
Depending on particular needs of stakeholders or of decisions to be taken, different categories and factors should be examined. In addition, time periods (unit of analysis) should be adjusted for different industries, technologies and types of R&D.
1.0 Definition of the Innovation Process The term "innovation process" refers to the overall process in a company for conceiving and developing ideas and concepts into profitable products and...