New Product Development Project Dashboard
This is a practical guide to building a project dashboard for a new product development project — a visual summary of the project’s key metrics and status, adapted to the realities of taking a new product from concept to market.
What a Project Dashboard is
A project dashboard is a visual summary of the project’s key metrics and status. For the full concept and how it works in general, see Project Dashboard. On a new product development project it plays the same role, tuned to this kind of work.
Why it matters for a New Product Development project
New Product Development projects live or die on taking a new product from concept to market. A well-built project dashboard gives the team a shared, explicit reference for exactly that — reducing ambiguity, aligning stakeholders, and making problems visible early enough to act. Skipping it, or doing it generically, is how new product development projects drift into avoidable delay and cost.
What to include
- Status indicators
- Schedule and cost KPIs
- Milestones
- Top risks/issues
New Product Development-specific considerations
Tailor the project dashboard to the risks that most often derail new product development projects:
- Uncertain market fit
- Feature/scope creep
- Time-to-market pressure
Example
On a real new product development project, the project dashboard would be shaped by taking a new product from concept to market. In particular, it should explicitly account for the project’s biggest risks — uncertain market fit, feature/scope creep, time-to-market pressure — rather than treating them as afterthoughts.