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Benchmarking


The systematic process of measuring one’s performance against recognized leaders for the purpose of determining best practices that lead to superior performance when adapted and utilized. [Committee for Oversight and Assessment of U.S Department of Energy Project Management; Board on Infrastructure and the Constructed Environment; Division on Engineering and Physical Sciences; National Research Council, Measuring Performance and Benchmarking Project Management at the Department of Energy, 2005 from Construction Industry Institute, Construction Industry Institute Data Report, Austin, Texas, 1995)]

The process of comparing performance with other organizations; identifying comparatively high performance organizations and learning what it is they do that allows them to achieve that high level of performance.

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