Evaluating your enterpriseA system of one or more organizations and the solutions they use to pursue a shared set of common goals. and ensuring it operates efficiently.
Identifies the areas to be studied.
Identifies enterprises that are leaders in the sector (including competitors).
·Allows surveys of selected enterprises to understand their practices.
Uses a Request for Information (RFI)A formal elicitation method intended to collect information regarding a vendor’s capabilities or any other information relevant to a potential upcoming procurement. to gather information about capabilities.
Arranges visits to best-in-class organizations.
Pinpoints gaps between current and best practices and develops a projectA temporary endeavour undertaken to create a unique product, service, or result. proposal to implement best practices.
·Serves compliance purposes. Performing benchmarkingA comparison of a decision, process, service, or system’s cost, time, quality, or other metrics to those of leading peers to identify opportunities for improvement. against standards can initiate changes within an organizationAn autonomous group of people under the management of a single individual or board, that works towards common goals and objectives..
