Benchmarking in Project Management
From apppm
As a business term, Benchmarking is the series of actions in order to compare one's business key metrics and distinct processes, to other businesses that perform similar activities and have a leading role in the world market. Benchmarking is mainly used so that the company gains valuable information in pursuance of improving its performance and, as a natural outcome, to increase its competitiveness.
This article will delve into the different types of benchmarking, analyze the trend of benchmarking in project management and identify the challenges of