Time to Market Product Development Healthcheck Assessment Audit

Time to Market Healthcheck is a third part assessment or audit of the processes involved in product development, time to market and product life cycle management which can be used as a process diagnostic and to identify improvements in product or service innovation.

The Health Check on Product or Service Innovation is not a test but is designed to :

• indicate to management how its company practices rate against both peer companies
  and world best practice; and

• to provide management with recommendations on priority actions for improvement and types of action to be taken.

We offer different versions of the health check - from the basic format designed originally for Time to Market Association® network members to detailed and fully customised diagnostic versions.

Factors Measured

All health checks cover a minimum of both practice and performance elements. These can be augmented to meet client requirements e.g. "the fuzzy front end" or to address particular issues and concerns 

For example typical questions such as:

"how efficient are my technical development guys?" 
"are we getting value for money from our r&D spend?"
"how do make sure we learn from our mistakes"  or 
"I can't measure r&D performance so what metrics/dashboard should we be using" 

 can be addressed as part of the healthcheck.

Healthcheck Process

The healthcheck consists of a combination of a Questionnaire (which can be downloaded from this site), a site  visit or multiple site visits accompanied by off-line interviews. 

It is a well proven business
tool whether used:

:

.

" Best Practices drive higher business  performance ....."

Deliverables

On completion of the assessment, the company receives as a minimum:

• A report detailing areas for improvement, recommendations for priority actions and if requested an additional  report addressing areas of special concern

• A rating of practices on each of the processes, elements and differentiators;

For more details of our Product/Service Innovation Health Check or a brochure please contact  Time to Market.

The Time to Market health check is fully aligned to the Business Excellence Model