Our benchmarking service is used to measure performance using one-or-more indicators (cost, productivity, time, or defects) resulting in a performance measure that is then compared to industry norms or project-specific data.
This is a management process used by clients to evaluate various aspects of their processes with best-practice or key competitors, usually using appropriately selected comparators from the industry. This then allows clients to develop plans on how to make improvements or adapt specific best practice, usually to increase performance.
Benchmarking may be a one-off event but is often treated as a continuous process in which clients continually seek to improve their practices.
In Project Management, benchmarking can also support the selection, planning and delivery of projects.
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