Benchmarking is the process of comparing the performance of an organisations business activities, often a specific subset, against the performance of other organisations. Typically, organisations wanting to benchmark use a third-party specialist who has gathered relevant data from many organisations, to compare themselves against. LOCRIS Associates provide the highest quality services. Companies benchmark for a variety of reasons including:
* To objectively assess performance
* To compare performance against others
* To improve performance
* To satisfy the demands of stakeholders
* To assess the performance of suppliers and service providers
Project assessment cycles typical cover the following:
* Meetings to plan participation and maximise benefits
* Training in data collection
* Quality audit of data collection
* Detailed analysis of data compared with like-for-like projects in the Benchmarker's Project database and general trends
* Report back and present detailed analysis and findings. This ensures that all data has been correctly analysed and helps achieve buy-in to the findings and resulting conclusions.
* Management Workshops to discuss the key results of the assessment and identify recommendations for change and the actions necessary to address the issues and findings arising from the assessment.
* To maximise benefit and flexibility, we can also train internal adequately qualified and competent personnel, in the necessary techniques; an approach which can render considerable future value.
* To objectively assess performance
* To compare performance against others
* To improve performance
* To satisfy the demands of stakeholders
* To assess the performance of suppliers and service providers
Project assessment cycles typical cover the following:
* Meetings to plan participation and maximise benefits
* Training in data collection
* Quality audit of data collection
* Detailed analysis of data compared with like-for-like projects in the Benchmarker's Project database and general trends
* Report back and present detailed analysis and findings. This ensures that all data has been correctly analysed and helps achieve buy-in to the findings and resulting conclusions.
* Management Workshops to discuss the key results of the assessment and identify recommendations for change and the actions necessary to address the issues and findings arising from the assessment.
* To maximise benefit and flexibility, we can also train internal adequately qualified and competent personnel, in the necessary techniques; an approach which can render considerable future value.
