Posted inAll private sectors / Learning & Growth / Research & Development

Innovation Failure Rate

Definition of this KPI:
The percentage of innovation projects or initiatives that do not achieve their intended objectives or outcomes.

  • This KPI can be calculated as: Divide the number of failed innovation projects by the total number of innovation projects attempted, then multiply by 100.
  • The KPI will be measured as: percentage (%)
  • How to interpret the KPI: lower is better
  • The strategic objective to measure with this KPI: Reduce the failure rate of innovation projects by conducting thorough risk assessments, improving project management practices, and fostering a culture that embraces experimentation and learning from failure.
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