Benchmarking

5 minutes 5 Questions

Benchmarking is a process through which an organization compares its performance, processes, or practices against those of leading competitors or industry peers, with the aim of identifying best practices and adopting them to improve quality. Benchmarking can be categorized into four main types: in…

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PMP - Benchmarking Example Questions

Test your knowledge of Benchmarking

Question 1

You are managing a project to develop a new software system. You are comparing your project to industry standards to understand how you perform compared to others. What type of benchmarking are you performing?

Question 2

During a construction project, you notice that your client has more energy-efficient and sustainable practices than your company. Which type of benchmarking is best for adopting your client's practices within your company?

Question 3

Your company pioneers a cutting-edge technology and you want to sustain your competitive advantage. For this, you decide to compare and measure the company's current performance with its past performance. What type of benchmarking can meet this need?

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36 questions (total)