TVP – IRI Ranking of Metrics

Background | User Guide | Program Contents | Stakeholders | List of Metrics

The 50 metrics are listed in priority according to the ranking developed by attendees at the IRI Meeting in Williamsburg, VA, in 1994.  Several of the listed metrics do not have an IRI ranking since these were added by the committee after the Williamsburg Meeting.  Each metric can be accessed by clicking on the topic of choice.  Each of the metrics is presented in the following format:

• Metric definition – A short description of the metric.
• Advantages and limitations – Benefits of the metric, areas of concern when using the metric.
• How to use the metric – Examples of how the metric can be applied. Parameters for measurement.
• Options and variations – Different ways to apply the metric.

References – Literature references pertaining to the metric for further investigation.

11.5 Strategic Alignment

• a. Corporate & business unit
• b. Goal coverage

10 Financial Return

• a. New Sales Ratio
• b. Cost Savings Ratio
• c. R&D Yield
• d. R&D Return

9 Projected Value of the R&D Pipeline

• a. Projected Sales
• b. Projected Income

7.8 Distribution of Technology Investment
6.8 Use of Project Milestone/Stage-Gate Process

5.5 Development Cycle Time

• a. Market cycle time
• b. Project management cycle time

5.5 Customer Satisfaction
5 Number of Ways Technology is Exploited
5 Projects with Business/Marketing Approval

• a. Project has approval
• b. Ratio of projects

3.3 Quality of Personnel

• a. Internal Customer Rating
• b. External Customer Rating
• c. External Recognition

3.3 Efficiency of Internal Technical Processes
3 Product Quality and Reliability

• a. Customer Evaluation
• b. Reliability/Defects

3 Market Share
2.3 Development Pipeline Milestone Achieved
2 Goal Clarity
1.8 Comparative Manufacturing Cost
1.8 Gross Margin
1.8 Use of Cross-Functional Teams
1.8 Rating of Technology Features and Benefits
1.8  Response Time to Competitors moves
1.5 Comparative Technology Investment
1.5 Employee Morale
1 Customer Rating of Technical Capability
0.8 Funding by Business

• a. Percent funded
• b. Project funded

0.8 Technology Transfer to Manufacturing
0.7 Project Championship
0.5 Number and Quality of Patents
0.3 Peer Evaluation
0.25 Sales Protected by Proprietary Position
0.2 Customer Contact Time
0.2 Management Support
0.1 Preservation of Technology Output
0.1 Project Ownership/Empowerment

Additional metrics which have been identified and defined since the 1994 survey

Information Technology Use in R&D
Gate Effectiveness
Defects Reported
Core Technical Competency
Delayed Stage Kills
Cost versus Budget
Decision Gate Processes
Probability of Success
Technology Planning
Environmental Management In R&D
Idea Generation and Creativity
People Development
Intellectual Property Management
R&D Climate

Questions or Comments?

If you have any questions or comments about the use of the Technology Value Program, we would like to hear them.  Please send correspondence to green@iriweb.org.   Modifications that will improve the usefulness of the Program will be incorporated into future updates.