Metrics-driven improvement programs differentiate industry leaders from the rest of the pack. Companies must be able to understand how well they perform and how this performance affects their financial bottom line if their improvement initiatives are to deliver a meaningful return on investment.

A recent study of 940 executives by The Boston Consulting Group found that 51 percent of the respondents expressed dissatisfaction with the financial returns on investment (ROI) they are receiving from their innovation initiatives. Yet they continue to invest, despite additional research showing that “there is no correlation” between R&D spending and sales growth, earnings or shareholder returns. In essence, “how you spend is far more important than how much you spend.”

Teamcenter® portfolio provides program execution management capabilities that executives, product managers and program managers can use to increase their visibility into program performance and broaden their control over program execution. To facilitate this unique approach, Teamcenter combines its knowledge management, process orchestration and project management capabilities with real-time dashboard functionality. This enables organizations to extract key process information from individual groups and gain visibility into their enterprise’s up-to-date and comprehensive program information. In addition to providing key process information, these techniques provide access to the program’s rolled-up performance metrics, process metrics, customized strategy-specific KPI and risk analysis metrics.

It should come as no surprise that best-in-class companies are three times more likely than their peers to use key performance indicators to measure their new product development projects on a monthly basis. Teamcenter excels at enabling individuals and groups to understand how their performance affects a given project, as well as the company’s strategic business goals.

For more information, including the complete “Establishing Effective Metrics Best Practice Brief” from UGS, visit the Teamcenter Program and Project Management page on ugs.com or contact your UGS salesperson.