The enormous development of high-tech areas during the last decade created an opportunity for many original developments and improvements of existing products. Most of the products are innovative, are based on advanced technology and require large investments in the R&D process. Market demands dictate efficient and fast development. An inefficient or slow development of a product may cause it to lose the designated market segment because of late arrival on the market or unsatisfactory performance.
The investment needed by a competitive organization in order to meet these conditions is enormous. Searching for ways to improve productivity of the R&D department and make it more efficient, and at the same time maintaining a close watch on the project’s progress, may save the organization large amounts of money. These methods are revealed by measuring and evaluating R&D productivity and assist in identifying centers of inefficiency. Revealing centers of inefficiency could be the decisive factor for the success or failure of the project.
