pev benchmarking???

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renae
renae Registered Posts: 76 Regular contributor ⭐
in AAT Level 4 (Level 8 in Scotland)
Just read in the guidance notes that we need to know about bench marking....anyone have any ideas on what this is????????

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  • hfadkins19
    hfadkins19 Registered Posts: 12 New contributor 🐸
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    Benchmarks are all to do with comparing performance indicators with standards, targets or competitors.

    'Benchmarks are standards or targets set for one or more areas of activity and should be related to what is important to the organisation'

    There is a good explanation of benchmarking in PEV paper for Dec 05.
  • swampy1901
    swampy1901 Registered Posts: 50 Regular contributor ⭐
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    Pocket Notes Say...............
    Need a suitable basis for comparison.

    Internal benchmaking

    Competitive benchmarking

    Activity (or process) Benchmarking

    Generic Benchmarking - look at conceptually similar processes


    That's it!! Clear as mud eh?

    Swampy

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