Benchmarking

In Benchmarking, a company compares its business bear upones and sufficeance metric hold up to the differents companies that are the shell in the industry. They look at issues much(prenominal) as task duration estimates (time), terms allocation, accuracy (quality). In the process of benchmarking, solicitude identifies the best firms in their industry, or other industries with standardized processes, and compare the results and processes of these industries to their own. By this, they learn how well these companies perform and, more(prenominal) importantly, the business processes that explain why these firms are successful. Benchmarking for run into management can be accomplished through surveys, questionnaires, be local anaesthetic chapter meetings of the Project Management Institute (PMI), and attending conferences and symposiums (http://pmtips.net/project-management-benchmarking-part-1/). In the daybook article by Swikael and Globerson (2006) titled The Benchmarking of Project readying and triumph in Selected Industries the authors analyze the construction and engineering industries(CE), function industry(SE), parcel and communications (SC), and production and maintenance (PM) to determine which industry is best suited to plan and execute projects.

In this story I will summarize and analyze the authors findings and use the results as a benchmark for improving project planning in the environmental assessment and remediation industry. I will besides source elements such as task duration estimates, election and cost allocation, and how the degree of accuracy of these estimates is li nked to project success. variant industrie! s spirit different challenges while managing projects. For example, the software industries have to batch with senior high school technology uncertainty, while construction organizations are unremarkably more troubled with engineering or finance problems. tally to the article, a common notion presently used in benchmarking organizational capabilities and analyze differences among industry is the maturity....If you want to suffer a full essay, order it on our website: OrderCustomPaper.com

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