Benchmarking

The practice of comparing the performance of a business or investment operation, typically against a best practice standard in a given field, industry, or investment asset class.

Benchmarking is often applied to key performance indicators, to learn from past performance, and improve future performance.

One technique is to compare performance against the top quartile performance of peers, and investigate differences and opportunities for improvement.

See also

• Benchmark
• Key performance indicator
• Treasury performance management – waste of time or a necessity?
• Upper quartile