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Bench Marking

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How to improve the performance.

Published in: Leadership & Management
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Bench Marking

  1. 1. 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.
  2. 2. 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
  3. 3. • 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
  4. 4. 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.

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