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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.
Benchmark (surveying), a point of known elevation marked for the purpose of surveying; Benchmarking (geolocating), an activity involving finding benchmarks; Benchmark (computing), the result of running a computer program to assess performance; Benchmark, a best-performing, or gold standard test in medicine and statistics
Benchmarking, also known as benchmark hunting, [1] is a hobby activity in which participants find benchmarks (also known as survey markers or geodetic control points). The term "benchmark" is used only to refer to survey markers that designate a certain elevation , but hobbyists often use the term benchmarks to include triangulation stations or ...
A graphical demo running as a benchmark of the OGRE engine. 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.
A synonym seen in many contexts is minimum attractive rate of return. The hurdle rate is frequently used as a synonym of cutoff rate, benchmark and cost of capital. It is used to conduct preliminary analysis of proposed projects and generally increases with increased risk.
KPI information boards. A performance indicator or key performance indicator (KPI) is a type of performance measurement. [1] KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. [2]
Best practice is a form of program evaluation in public policy. It is the process of reviewing policy alternatives that have been effective in addressing similar issues in the past and could be applied to a current problem.
An Ordnance Survey cut mark in the UK Occasionally a non-vertical face, and a slightly different mark, was used. The term benchmark, bench mark, or survey benchmark originates from the chiseled horizontal marks that surveyors made in stone structures, into which an angle iron could be placed to form a "bench" for a leveling rod, thus ensuring that a leveling rod could be accurately ...