How to do Product Development and Management Benchmarking

How to go about Benchmarking:

There are several methods which can be used for benchmarking aspects of the processes, methods and tools for product development, product management and other aspects of product life cycle management, however, there are some common principles which help get the best results, as illustrated in the following.

Some of the aspects which need to be planned are: OBJECTIVES of Benchmarking; WHAT to benchmark; WHO to benchmark with; Type of Benchmarking to use; Parameters of Benchmarking.Time to Market has an excellent track record in helping clients get the best from benchmarking

• Scope: What, Who, Budget, Effort

• Required Outputs

• Benchmarking method

• Roles and responsibilities

• Collaborators: Specification, Number

• Planning and Project Management