What’S Another Word For Benchmark?

What are the three types of standards?

Basic standards describe the general and fundamental rules for meeting the requirements.

Generic standards refer to specific environments.

Products standards are for specific products or product groups..

What is a benchmark goal?

In order to set a goal in the first place, you need to know where you stand. That’s the benefit of benchmarking. We define benchmarking as: the process of setting a baseline or standard for your organization–so you can measure your performance over time, find areas for improvement, and set goals.

How do you use benchmark in a sentence?

Data for 1996 to 2000 was used to benchmark the performance of universities. In February the United States reached a benchmark of 2 million individuals in its prisons and jails. His business acumen has seen the centre firmly established as a benchmark for the industry.

What is benchmarking in simple terms?

Benchmarking is a process of measuring the performance of a company’s products, services, or processes against those of another business considered to be the best in the industry, aka “best in class.” The point of benchmarking is to identify internal opportunities for improvement.

What is the opposite of benchmark?

Opposite of a benchmark by which something is evaluated. inferiority. insignificance. unimportance. worthlessness.

What is the difference between a standard and a benchmark?

As nouns the difference between standard and benchmark is that standard is a principle or example or measure used for comparison while benchmark is a standard by which something is evaluated or measured.

What’s another word for can be?

What is another word for can be?mayhappossiblycrediblyobtainableit could becould bemight beweather permittingas it may beperadventure38 more rows

What is benchmark example?

For example, benchmarks could be used to compare processes in one retail store with those in another store in the same chain. External benchmarking, sometimes described as competitive benchmarking, compares business performance against other companies.

What is the purpose of benchmarking?

Benchmarking is a tool for assessing and comparing performance in order to achieve continuous improvement. It is part of a total quality management process, and includes the following key elements: Focuses on processes rather than outcomes; Encourages information sharing; and.

What does Benchmark mean?

noun. a standard of excellence, achievement, etc., against which similar things must be measured or judged: The new hotel is a benchmark in opulence and comfort. any standard or reference by which others can be measured or judged: The current price for crude oil may become the benchmark.