Benchmarking is defined as using a standard or set of standards to evaluate performance or quality levels. It involves measuring an organization's policies, products, and strategies against peers to identify areas for improvement. The objectives of benchmarking are to determine where improvements are needed, analyze how high performing organizations achieve their results, and use this information to enhance one's own performance.

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.