Benchmarking

When to Use This Skill

Use this skill when:

• Benchmarking tasks - Working on benchmarking and competitive analysis techniques. compares performance, processes, and practices against industry standards, competitors, and best-in-class organizations
• Planning or design - Need guidance on Benchmarking approaches
• Best practices - Want to follow established patterns and standards

Overview

Systematically compare performance, processes, and practices against internal units, competitors, industry standards, or best-in-class organizations. Identifies gaps and improvement opportunities.

What is Benchmarking?

Benchmarking is the process of measuring your organization's processes, products, or services against those of recognized leaders to identify gaps and improvement opportunities.

Benchmarking Purpose