If you’re new to benchmarks, start by creating benchmarks for projects, processes, or desired results that have the highest impact on your work. Decide your benchmarking type. In other words, determine if your data will come from competitive, internal, or strategic benchmarking. Review and record. Look at what you’re creating the benchmark for.
Benchmarking sets the gold standard Benchmarking processes, workflows, and results gives you a baseline for measuring your success. Benchmarks clarify expectations and let your team know how they can produce the best results. Benchmarking helps you to find the work standards that push your business, but it won’t help you get that work done.
Types of benchmarking There are three different types of benchmarking: internal, competitive, and strategic. The type you use will depend on what you’re measuring, and what you’d like to get out of it. Internal benchmarking