The study deals with the complex issue of proposing a set of indicators for measuring R&D performance and R&D productivity in particular. Initially a bibliography and Internet research was conducted in order to explore the depth and breadth of indicators applying to this specific area of performance management in academia. After various stages of analysis leading to a condensed list of metrics, a series of interviews followed with the company’s R&D software and hardware engineers. The scope of this attempt was to come up with an evaluation of the final set of indicators used in the interviews, resulting from within the company and based on the engineers’ experience. Thus, a final set of metrics coming from the interviews along with some additional ones that the Field Study Project Team proposed was suggested as a reliable measurement tool of R&D productivity.