Research and Development KPI Google Sheets Template

Keeping track of key metrics, such as time to market, product cost, and usage metrics, can be a difficult task for R&D departments. So, this Research and Development KPI Google Sheets Template is here to help you track and analyze your data in great detail. You can easily track your R&D KPIs with performance indicators including R&D budget, product development ,etc.

Actually, R&D managers face a lot of challenges in their daily tasks: making sure the company is meeting its goals, managing teams, and completing projects. Also, it’s important that you’re using the right KPIs (key performance indicators) and OKRs (Objectives and Key Results) to track your progress against your goals.

What is Research and Development KPI Dashboard?

A Research and Development (R&D) KPI Google Sheets Template, is a tool that gives you a summary of the recent data related to your R&D department. By using this dashboard, you can compare your company’s performance with industry standards. This also helps in understanding where the company needs improvement, and what are the steps to enhance performance.

Benefits of Research and Development KPI Google Sheets Template

In order to improve the efficiency and effectiveness of your R&D department, you need a way to track and analyze your key metrics. So, a Research and Development KPI Dashboard can help you do just that.

Above all, this is a printable and dynamic dashboard so, you can keep it on-screen as a constant reference for yourself. Also, you can share it with team members.

The monthly trend analysis will show you how your performance has changed over time. While the cumulative trend will give you an overview of how well your department is performing overall.

Plus, the dashboard is interactive so that you can easily add new data points or change existing ones.

What are the 8 most useful R&D KPI and Metrics?

1. R&D Costs: This metric measures the amount of money spent on research and development activities. It can be useful for benchmarking efficiency against industry peers or assessing the return on investment in R&D.
2. Research Staff Productivity: This metric captures how much value is being generated per researcher employed in the department.
3. New Patent Applications: A measure of innovation, this metric tracks how many new patent applications are filed each month/year.
4. Number of Published Papers: Another marker of innovation, this statistic reflects how many papers are published by researchers within the department each month/year that contain original research findings.
5. Technology Readiness Level (TRL): Assesses a technology’s readiness for prime-time commercialization, ranging from 1-9 with 9 being fully developed).
6. Time to Market (TTM): Track the time between you made the idea until it becomes available as a product or service offering.
7. Revenue Generated from Innovation Outputs: Measures sales generated from products or services resulting from innovations within the R&D department
8. Return on Investment In R&D: Compares net income generated through sales of innovative products & services to the amount of R&D investment in those products & services.

You can add more metrics according to your particular needs.

Research and Development KPI Google Sheets Template Sections

There is an input part and an output part in this template. It is possible to go through all other sheets of the template with a single click. Just use Navigation Menu on the first sheet.

1. Metrics: Firstly, in this section, you have to add each of your desired metrics one at a time. Additionally, you can define Units and a low-level metric.

2. Current Year Actual and Cumulative: Secondly, the KPI Dashboard Google Sheets Template calculates the actual cumulative of the current year. The target incremental of the current year. And, the actual cumulative of the previous year by adding the results for each month to this sheet.

3. Analysis by Month: Here you can see a detailed summary of your overall analytics. By selecting the Month option, and the template will automatically display the results in color code and numbers.

4. KPI Analysis: Last but not least, here you can see a detailed summary of your data in different chart types.
Meanwhile, all you need is an internet connection and a Google account to get started. And everything will be in sync!

Research and Development KPI Google Sheets Template Features Summary:

• KPI Dashboard in Google Sheets for Research & Development specialists
• Track and analyze metric in detail
• Track Progress against goals and competitor
• Use Monthly and Cumulative to monitor the monthly change of metrics
• Ready to Print template
• Informational notes included
• Ready to use template
• Works on any operating system
• Suitable for any device including mobile, tablet, desktop