<P> Benchmarking is comparing one 's business processes and performance metrics to industry bests and best practices from other companies . In project management benchmarking can also support the selection , planning and delivery of projects . Dimensions typically measured are quality , time and cost . In the process of best practice benchmarking , management identifies the best firms in their industry , or in another industry where similar processes exist , and compares the results and processes of those studied ( the `` targets '' ) to one 's own results and processes . In this way , they learn how well the targets perform and , more importantly , the business processes that explain why these firms are successful . According to National Council on Measurement in Education , benchmark assessments are short assessments used by teachers at various times throughout the school year to monitor student progress in some area of the school curriculum . These also are known as interim assessments . </P>
<P> Benchmarking is comparing one 's business processes and performance metrics to industry bests and best practices from other companies . In project management benchmarking can also support the selection , planning and delivery of projects . Dimensions typically measured are quality , time and cost . In the process of best practice benchmarking , management identifies the best firms in their industry , or in another industry where similar processes exist , and compares the results and processes of those studied ( the `` targets '' ) to one 's own results and processes . In this way , they learn how well the targets perform and , more importantly , the business processes that explain why these firms are successful . According to National Council on Measurement in Education , benchmark assessments are short assessments used by teachers at various times throughout the school year to monitor student progress in some area of the school curriculum . These also are known as interim assessments . </P>
benchmarking is a process that helps compare a company against
benchmarking is a process that helps compare a company against
industry bests and best practices from other companies
industry bests and best practices from other companies