Using Product Analytics to Keep Engineering on Schedule and on Budget
As companies look forward to an economic recovery, they are cautiously anticipating profitable growth. In order to achieve this growth, companies must balance factors such as time, cost, quality, and compliance. Accomplishing this requires better insight into how product development decisions impacts these things. This report offers guidance to obtain visibility to support better decision making which will ultimately lead to greater profitability.
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To understand the external factors driving managerial decisions, survey respondents were asked to pick the top business pressure driving their company to have better insight into decision making during product development (Figure 1).
Interestingly, there really isn’t an overwhelmingly predominant pressure: quality, time and cost are all important. This means companies need to balance the implications of decisions equally against all three pressures, creating a need for better methods of simultaneously evaluating how they are impacted. Growth is also an important pressure, showing that companies are trying to improve what they have now. This is difficult without a way of truly understanding what will make the biggest impact on what they have in place.
How Demand Metric Can Help
If you are currently feeling the pressure to drive better decision making when it comes to product development, check out the following templates:
Competitive Analysis and Positioning Template
Product Portfolio and Lifecycle Matrix
Need More? Check out our Product Management Section...
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