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Product Development Strategy Scorecard

Objective 1 - Increase Efficiency of Production

Programs, Initiatives, & Actions              Key Performance Indicators & Metrics          Target Timeframe to Achieve Goals

Product Development Audit - New               Time to Market (New Products)                 Reduce to average of 250 Days


Product Development - Existing                Time to Market (Existing Products)            Reduce to average of 75 Days


Objective 2 - Improve Quality Assurance

Programs, Initiatives, & Actions              Key Performance Indicators & Metrics          Target Timeframe to Achieve Goals

Six Sigma Training                            # Employees Certified                         5 Employees Certified by Jan 2013


Quality Assurance Program                     % Defects                                     Reduce to 0.0005% defect rate by Jun 2012


ISO Certification                             ISO Certification Date                        Achieve certification by Jan 2012


Objective 3 - Increase Revenues from New Products

Programs, Initiatives, & Actions              Key Performance Indicators & Metrics          Target Timeframe to Achieve Goals

New Product Development - Product A           Product Launch Date                           Launch in Jun 2012


Channel Re-Seller Program for Product B       Total Annual Revenue for Product B            $500,000 in Revenue in 2012


Product Launch Sales Training                 % Revenue from New Products                   40% of Total Revenue from New Products


Objective 4 - Better Understand Customer Requirements

Programs, Initiatives, & Actions              Key Performance Indicators & Metrics          Target Timeframe to Achieve Goals
Win/Loss Analysis   % Wins                15% Win Rate for All Products


Voice of Customer   # Surveys Completed   500 Customer Surveys by Jun 2012

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Product Development Strategy Scorecard

  • 1. Product Development Strategy Scorecard Objective 1 - Increase Efficiency of Production Programs, Initiatives, & Actions Key Performance Indicators & Metrics Target Timeframe to Achieve Goals Product Development Audit - New Time to Market (New Products) Reduce to average of 250 Days Product Development - Existing Time to Market (Existing Products) Reduce to average of 75 Days Objective 2 - Improve Quality Assurance Programs, Initiatives, & Actions Key Performance Indicators & Metrics Target Timeframe to Achieve Goals Six Sigma Training # Employees Certified 5 Employees Certified by Jan 2013 Quality Assurance Program % Defects Reduce to 0.0005% defect rate by Jun 2012 ISO Certification ISO Certification Date Achieve certification by Jan 2012 Objective 3 - Increase Revenues from New Products Programs, Initiatives, & Actions Key Performance Indicators & Metrics Target Timeframe to Achieve Goals New Product Development - Product A Product Launch Date Launch in Jun 2012 Channel Re-Seller Program for Product B Total Annual Revenue for Product B $500,000 in Revenue in 2012 Product Launch Sales Training % Revenue from New Products 40% of Total Revenue from New Products Objective 4 - Better Understand Customer Requirements Programs, Initiatives, & Actions Key Performance Indicators & Metrics Target Timeframe to Achieve Goals
  • 2. Win/Loss Analysis % Wins 15% Win Rate for All Products Voice of Customer # Surveys Completed 500 Customer Surveys by Jun 2012