Most of the organisations are using the technique of benchmarking to help in effective management of projects. In benchmarking, one tries to identify the best practices in the market of competitors with the same category of products/services. This helps in improving one’s own market offerings by identifying gap areas which needs to be addressed. Benchmarking has become one of the most important tools to measure and gauge the performance of companies and help in creating an environment of continuous improvement from learning best management
Determination of electricity benchmark Benchmarking is a process which helps in comparing the energy performance of building with similar type of building. It is one of the best method to determine whether a school is using energy efficiently and to compare its energy consumption with that of other schools. 6.1 Features and benefits of benchmarking: The benchmarking helps the owner of the building to determine how well each building of the school is performing. It also shows the worst and best energy users of similar buildings revealing that which school building saves most of the energy. Benchmarking provides representative values against which one can compare the energy performance of school.
2. Furthermore, doing two or more of the same workout and comparing results is called the benchmark
The process starts with reviewing the current operations, past experiences and subsequently identifying what needs to be improved. Secondly, planning needs envisioning the results that the project wants to achieve, and the steps or activities required to arrive at success, i.e. fulfilling the mission of the project. Scheduling is a tool to plan and monitor the progress of the project. The case study, “The Boeing 767: From Concept to Production”, gives an overview of the planning efforts and how the team managed and controlled schedules using various techniques.
Question 2 A business process is an action or set of activities, which has both direct and indirect effect on the customer. Many organization have Business processes built in their systems such as in manufacturing, order processing, invoice generation, bill payment and customer services and these can be re-engineered to improve performance and results. Therefore Business Process Reengineering is defined as; “The fundamental re-thinking and radical re-design of business processes to bring about dramatic improvements in performance.” (Hammer, M. and Stanton, S.A,1995) By definition, to bring about these dramatic improvements the existing business processes in the organization have to be re-designed and the following steps are involved, BPR implementation entails that all business processes,Job descriptions,management systems,structure and work flow in an organisation including underlying assumptions and beliefs should be re-disigned to achieve vivid improvements in vital areas such as cost, quality, service, and turnaround time through the enabling use of information
(2008) said there are a lot of advantages and benefits of benchmarking, Benchmarking provides knowledge to discover how products and services are compared in the industry in which it can save time and minimizes the costs and adapt the best practices of other competitors instead of re-invent them ,it can easily helps in suspecting upcoming problems and troubles they might face in the future by comparing benchmarking can highlight the strengths and help develop and finding solutions for the problems they are already facing, by knowing the strengths and the weakness using the collected information , institutions can pass gaps, formulate strategic goals and based on the external models helps improving activities in the
3.3 The four Perspectives of Balance Scorecard: The Balanced scorecard is an example of a performance measurement system. It nurtures a balance between strategic measures in an effort to achieve goals, therefore helps the employees to perform in the best way of the organization. The BSC is a tool for improving communication, setting managerial objectives, and providing feedback on policies. Each measures in the BSC addresses an aspect of the company’s strategy. It must be noted that, the set of measurements must be chosen in such a way that they: 1.
I found performance assessments are typically time consuming. When conducting the performance task, I will ensure that the task is clear to students. The project designed to typically take multiple steps, so students need to have prerequisite skills and cognition as well as clear instructions. Careful scaffolding is important for successful performance assessment. Scoring rubrics are provided to students before they work on the task.
I found performance assessments are typically time consuming. When conducting the performance task, I will ensure that the task is clear to students. The project designed to typically take multiple steps, so students need to have prerequisite skills and cognition as well as clear instructions. Careful scaffolding is important for successful performance assessment. Scoring rubrics are provided to students before they work on the task.
demonstrating results, integrating the project with the business, ensuring that they deliver expected strategic impact). Benefits Realization is a necessary tool for successful project management. It is the process of systematically measuring business outcomes of initiatives undertaken by an organization. BRM goes beyond the measurement