Phase-modulated continuous wave (PMCW) has been widely regarded as a promising modulation scheme for radar systems, e.g., in highly automated driving (HAD) applications. Although the so-called outer coding can efficiently enable the multiple-input-multiple-output (MIMO) operation of PMCW-based radar systems, the yielded processing gain in this multiplexing approach may be reduced at increasing Doppler shifts. In this context, this letter introduces a normalized Doppler shift parameter that enables predicting the Doppler-shift-induced degradation of the processing gain in a MIMO-PMCW radar system. Finally, simulation and measurement results confirm the usefulness of the introduced parameter in desigining MIMO-PMCW radars.