Manufacturer Scores Programs During Development Stages
A manufacturer wanted to update a project's value during each gate review in it product development process to verify its worthiness for additional investment. To do so, a scorecard was developed, updated and presented at each gate review presentation.
ProjectLead interviewed Executive and Portfolio Management to understand important factors when measuring project success.
ProjectLead designed a customized project scoring system that included both technical and commercial factors.
ProjectLead developed the scoring system and helped integrate it into the company's gate review process.
RESULTS
Quantifiable Measures of Success
The scoring system resulted in numerical scores which enabled comparisons between projects.
Better Technical / Commercial Integration
Including both technical and commercial factors encouraged different departments to work together to meet common goals.
Normalized Source of Truth
Rating each project using the same scoring system help reduce "one-offs" which made it difficult to determine real impacts.
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