Greetings!
July is a time for barbeques, swimming at the beach, relaxing....and taking stock of how your business is doing. After all, we're halfway through the year. Are you meeting all of your innovation goals?
One way to take stock of innovation progress is by looking at Project Metrics. Yet, there are many misconceptions about product development and project management metrics. We'll help you decipher the issues and find new solutions in this month's feature article.
This month, we continue answering your questions in Ask the NPD Coach with Q&A from the NPDP Discussion Forum. Keep on sending your great questions to info@globalnpsolutions.com to be featured here.
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Misconceptions about Project Metrics
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How to Improve Product Development Success Measures
We all use metrics to evaluate success of projects and business strategies. But, have you ever sat through an hours-long meeting where participants simply debate the calculation method? Or the same metric shows up on every page with a different label? Or how about the most dangerous situation - the business makes changes to new product development projects without knowing market or business trends?
This month's thought leadership paper can you decipher four common errors in project management metrics:
- Metrics in isolation,
- Solving the metrics problem,
- One metrics solves all, and
- Too many metrics.
GNPS Premier members can log-on and download for FREE (first year membership is only $60 so you save $47 on an annual subscription!). Non-members can download now and review these four misconceptions at the low price of only $8.95, including sales tax.
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Innovation Fun Fact
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Electricity from Garbage
As we move into the hottest time of the year, many of us face soaring electric bills as we cool our homes. One  county in the Northeast converts trash to electricity.
Click on the image at the left to learn more in a short video (about 3 minutes).
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