Operational speed of an integrated circuit chip is measured using one or more speed measurement elements, such as ring oscillators, disposed at various regions of the chip. Each speed measuring element can include several ring oscillators, each corresponding to a different technology threshold voltage. The speed measurement data collected from the speed measurement elements can be used to determine on-chip variation (OCV). Circuitry either on the chip itself or, alternatively, external to the chip can adjust a chip operational parameter, such as core voltage or clock speed, in response to the speed measurement data. Speed measurement data can be read out of the chip through JTAG pins or an interface to an external host.