Like so many other terms in Project Management (like milestone and gateway), when we use the term ‘benchmark’, we are using a metaphor. Originally, a benchmark was a mark that masons chiseled into stone structures, to make a bench they could use to place a leveling rod accurately. It...
What is a benchmark and why is it important? Find the full definition on CoSchedule's Ultimate Marketing Dictionary.
A benchmark index is a standard reference point that's used to compare the results of similar investments over time. In most...
WHAT IS A BENCHMARK?Deals with the debate on the definition of the term benchmark, in the European investment market. Flexibility of issuance programs arranged by the European Investment Bank (EIB); Benefits of the regular issuance programs; Details on the borrowing percentage of EIB in 2001....
Benchmark job definition Benchmark job is a type of a defined job position found in the workforce for which pay, legal and other specifications remain consistent across the industry and can be used to make pay comparisons and job evaluations. The term key job may be applied. ...
1. What is benchmark? First of all, what is benchmark? Benchmark is a test or set of tests created to push your system’s or component’s performance to the limit and see its true potential. And this typically refers to a video game scene with loads of visuals or one that might be...
A benchmark is a predetermined standard, and benchmarking is the process of setting those standards. To determine benchmarks, you need to measure your work against something else. There are a variety of things you can set benchmarks against, including: Competitors. Comparing your work or desir...
As a result of benchmarking, a business might adopt new working practices, engage in restructuring, or alter its sales strategy to improve performance. Why start benchmarking? The main reason to create benchmarks for your business is to find areas where your performance falls below the ...
That’s where performance testing can help you achieve your desired results, and benchmark testing is a major subset of performance testing. Benchmark testing is a method of testing that is used to measure a product or system’s performance against established standards or benchmarks. This guide...
The Industry Classification Benchmark (ICB) is a system for assigning all public companies to appropriate subsectors of specific industries. The system was developed by Dow Jones and the Financial Times Stock Exchange (FTSE) and is recognized globally. ...