Benchmarking as business tool
To help develop this article, click 'Edit this article' above.
Benchmarking is a business enhancement, planning and development tool, it is widely used by the legal professions. The analysis focuses on four key areas:
- Financial performance indicators.
- Day-to-day management systems.
- Business development.
- Human resources issues.
Benchmarking provides an opportunity to assess performance against comparable businesses and gives an insight into the current business environment.
The RIBA provides a benchmarking service based on an annual survey of the UK architect’s profession. This annual benchmarking survey provides vital business knowledge about how a practise compares to others across a broad spectrum of criteria. Practises are able to make comparisons with the average data provided for practises of similar size, type and region. This allows them to identify areas of strength weakness and opportunity, and to develop a strategy that aims for improvements on a yearly basis.
Benchmarking is also a process that takes into consideration the estimated performance of a project and if costs are been compared, can highlight areas of design that do not offer good value for money. It can also aid in the assessment of tenders from suppliers and contractors, creating a baseline for a cost/ value led approach to procurement. For more information see project benchmarking.
[edit] Related articles on Designing Buildings Wiki
- Additionality.
- Benchmark
- Bench iT
- Business case.
- Carbon Buzz.
- Design review.
- Design quality.
- Earned value analysis.
- Experience Exchange Report EER.
- Facilities management audit FMA.
- Facility condition assessment FCA.
- Facility condition index FCI.
- Global Real Estate Sustainability Benchmark GRESB.
- Key performance indicators.
- Maximising maintenance budgets after lockdown.
- Project benchmarking.
- Value management techniques.
- Vested outsourcing.
- Whole-life costs.
Featured articles and news
Listed despite problems with its design.
Zen and the art of cycling exploration.
Design Council Homes Taskforce launched
To support government 1.5 million homes target within UK climate commitments.
The story of this knowledge quarter building.
In ecology, in hydrology, in biology and in architecture.
Creating environments that promote physical, mental, and social well-being.
UK cases of neutral current diversion
Research project looks for example contributions.
Overstocking and macro-economics cause a decline.
The 2024 update of the Common Assessment Standard
Demonstrating organisational capability’ to fulfil roles under the Building Safety Act.
56 recommendations for a better built environment
Published by the CIC ahead of the King’s Speech.
SkillELECTRIC Top 8 Competitors Named
in annual search for the UK’s best student electrician.
CIOB Diversity and Inclusion technical information sheet
Step-by-step guide on implementing D and I practices.
Conservation and the Indian City. Book review.
Reversibility in conservation ethics
Learning from painting conservation.
Where It's AT Podcast launched!
New CIAT Architectural Technology Podcast goes live.