4 Excel Functions to Assist with New Product Development
|ECV (Expected Commercial Value)
||Expected commercial value of a new product based on the probability of
technical and commercial success.
|Simple NPD Index
||Simple method of ranking new product development projects.
|NPD Productivity Index
||Index (Productivity Index) used in new product development to rank
projects. Considers the expected NPV (Net Present Value) based on
probability estimates of various scenarios, the probability of technical
success, and the remaining R&D needed to produce the product.
|R&D Effectiveness Index
||Aggregate measure of a company's R&D effectiveness.
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