Difference between revisions of "Benchmarking Task"

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=== 2019 ===
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* (Wikipedia, 2019) ⇒ https://en.wikipedia.org/wiki/Benchmarking Retrieved:2019-11-10.
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** '''Benchmarking''' is the practice of comparing business processes and [[performance metric]]s to industry bests and [[best practice]]s from other companies. Dimensions typically measured are quality, time and cost. <P> Benchmarking is used to measure performance using a specific [[Performance indicator|indicator]] (cost per unit of measure, productivity per unit of measure, cycle time of x per unit of measure or defects per unit of measure) resulting in a metric of performance that is then compared to others. <ref> Fifer, R. M. (1989). [http://www.emeraldinsight.com/journals.htm?articleid=1696939&show=abstract Cost benchmarking functions in the value chain.] Strategy & Leadership, 17(3), 18-19. </ref> Also referred to as "best practice benchmarking" or "process benchmarking", this process is used in management in which organizations evaluate various aspects of their processes in relation to best-practice companies' processes, usually within a peer group defined for the purposes of comparison. This then allows organizations to develop plans on how to make improvements or adapt specific best practices, usually with the aim of increasing some aspect of performance. Benchmarking may be a one-off event, but is often treated as a continuous process in which organizations continually seek to improve their practices. In [[project management]] benchmarking can also support the selection, planning and delivery of projects.  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 <ref> National Council on Measurement in Education (USA) http://www.ncme.org/ncme/NCME/Resource_Center/Glossary/NCME/Resource_Center/Glossary1.aspx?hkey=4bb87415-44dc-4088-9ed9-e8515326a061#anchorB </ref> 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> In 1994, one of the first technical journals named [[Benchmarking (journal)|''Benchmarking: An International Journal'']] was published.

Revision as of 21:42, 10 November 2019

A Benchmarking Task is a system evaluation task with well-defined performance metrics and a set of comparable entities.



References

2019a

  • (Wikipedia, 2019) ⇒ https://en.wikipedia.org/wiki/Benchmark_(computing) Retrieved:2019-11-10.
    • In computing, a benchmark is the act of running a computer program, a set of programs, or other operations, in order to assess the relative performance of an object, normally by running a number of standard tests and trials against it.

      The term benchmark is also commonly utilized for the purposes of elaborately designed benchmarking programs themselves.

      Benchmarking is usually associated with assessing performance characteristics of computer hardware, for example, the floating point operation performance of a CPU, but there are circumstances when the technique is also applicable to software. Software benchmarks are, for example, run against compilers or database management systems (DBMS).

      Benchmarks provide a method of comparing the performance of various subsystems across different chip/system architectures.

      Test suites are a type of system intended to assess the correctness of software.



2019

  • (Wikipedia, 2019) ⇒ https://en.wikipedia.org/wiki/Benchmarking Retrieved:2019-11-10.
    • Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost.

      Benchmarking is used to measure performance using a specific indicator (cost per unit of measure, productivity per unit of measure, cycle time of x per unit of measure or defects per unit of measure) resulting in a metric of performance that is then compared to others. [1] Also referred to as "best practice benchmarking" or "process benchmarking", this process is used in management in which organizations evaluate various aspects of their processes in relation to best-practice companies' processes, usually within a peer group defined for the purposes of comparison. This then allows organizations to develop plans on how to make improvements or adapt specific best practices, usually with the aim of increasing some aspect of performance. Benchmarking may be a one-off event, but is often treated as a continuous process in which organizations continually seek to improve their practices. In project management benchmarking can also support the selection, planning and delivery of projects. 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 [2] 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.

      In 1994, one of the first technical journals named Benchmarking: An International Journal was published.

  • Fifer, R. M. (1989). Cost benchmarking functions in the value chain. Strategy & Leadership, 17(3), 18-19.
  • National Council on Measurement in Education (USA) http://www.ncme.org/ncme/NCME/Resource_Center/Glossary/NCME/Resource_Center/Glossary1.aspx?hkey=4bb87415-44dc-4088-9ed9-e8515326a061#anchorB