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Benchmarking for a quick turnaround

New access to resource related to benchmarking added to PMWL

12 July 2021 – Dallas, TX, USA – In case you missed it, new access to a useful previously posted resource related to benchmarking in project management is available in the PM World Library (PMWL).  The resource titled “Benchmarking for a quick turnaround: The search for performance excellence” is a article by Prof Darren Dalcher that was published in the June 2018 edition of the PM World Journal.

According to Darren’s introduction: “According to the Oxford Dictionary the verb benchmark implies ‘evaluating something by comparison with a standard’. In practice, it often entails a direct assessment of business processes, procedures and performance metrics and outcomes against those applied by industry or sector leaders in order to understand why market leaders are successful, or against other organisations in a similar position or of a similar size and expertise, in order to provide a reading about the current performance level of the organisation.

Benchmarks emerge out of the pursuit of ‘best practice’ implying an intention to copy or replicate what is considered to be superior performance. Benchmarks provide a disciplined approach and a reference point for determining one’s current position from which measurements could be made, or a basic standard and reference point against which others could be compared…”

To read this article, visit the Applications and Hot Topics section of the library at https://pmworldlibrary.net/applications-and-topics/, scroll down to advanced topics and click on “Benchmarking in Project Management”. Scroll down to resource. Registration is required to access; to see who has free access, visit https://pmworldlibrary.net/who-gets-free-basic-access/

 

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