2. BenchMarking-1
Definition
• Standard, or a set of standards, used as a point
of reference for evaluating performance or level
of quality.
• Benchmarks may be drawn from a firm's
own experience, from the experience of other firms
in the industry, or from legal requirements such as
environmental regulations.
3. In Order to improve the
performance of a project - using the
management lessons learnt from
projects with better performance.
Benchmarking is an efficient tool
which makes significant improvement
to performance by following better
ones.
BenchMarking-2
4. • A measurement of the quality of
an organization's policies, p
roducts, programs, strategies,
etc., and Their comparison
with standard measurements ,
or similar measurements of its
peers.
BenchMarking - 3
5. Benchmarkin -4
• The objectives of benchmarking are
• to determine what and
where improvements are called for,
• to analyze how other organizations achieve
their high performance levels, and
• to use this information to improve
performance.