Using benchmarking to drive R&D improvement
Steve Jackson
(Principal in PRTM and has
implemented PRTM′s PACE (Product and Cycle‐time Excellence) methodology
in several European countries within European companies. He can be
contacted at PRTM Ltd, 22 The Quadrant, Abingdon Science Park, Abingdon,
Oxon OX14 3YS, UK. Tel: 44 (0)1235 555500; Fax: 44 (0)1235 554835.)
Dean Gilmore
(Director of PRTM and co‐ordinates the European PACE practice. His particular areas of expertise are product planning/strategy, development decision making and organizational approaches for effective product development. He can be contacted at PRTM Ltd, 22 The Quadrant, Abingdon Science Park, Abingdon, Oxon OX14 3YS, UK. Tel: 44 (0)1235 555500; Fax: 44 (0)1235 554835.)
762
Abstract
Focuses on the R&D effectiveness index developed by PRTM, which, when combined with an in‐depth, qualitative assessment of skills and effectiveness, can provide an accurate measure of overall product development process performance. The index is defined as the ratio of new product profit to R&D costs. Describes how the R&D effectiveness index was used by PRTM for one of its clients to help it decide how to restructure its R&D organizations.
Keywords
Citation
Jackson, S. and Gilmore, D. (1995), "Using benchmarking to drive R&D improvement", World Class Design to Manufacture, Vol. 2 No. 2, pp. 23-27. https://doi.org/10.1108/09642369310081927
Publisher
:MCB UP Ltd
Copyright © 1995, Company