![]() ![]() These do not always yield the desired or expected results. Benchmark definition, a standard of excellence, achievement, etc., against which similar things must be measured or judged: The new hotel is a benchmark in opulence and comfort. Strategies for improvement often rely on a combination of outsourcing, up-skilling, the adoption of Agile approaches and at time the reliance on the latest technologies. noun C uk / bent.mk / us / bent.mrk / Add to word list a level of quality that can be used as a standard when comparing other things: Her outstanding performances set a new benchmark for singers throughout the world. To remain competitive, businesses need to be assured that their IT capabilities are indeed as good or better than those of their competitors. One of the challenges facing most CIOs today is how to transform their systems delivery capabilities and in so doing demonstrate quicker, cheaper, improved quality and ultimately greater value to their stakeholders. Appendix 1: Definitions of ecosystem services. The ability to effectively support new and enhanced business capabilities has become a key strategic differentiator. Benchmarking is the continuous process of measuring products, services, and practices against the toughest competitors or those companies recognized as. Project Team at the United Nations Environment Programme Finance. Other measures are also becoming increasingly important in the light of high demand for new applications and improvements to older ones. A benchmark is a standard or measure that can be used to analyze the allocation, risk, and return of a given portfolio. Application or Software development is regarded as risky, due in part to the poor track record that development teams have in terms of delivering to agreed commitments.īusiness executives often judge the success or failure of projects by their conformance to planned schedule and budget. ![]()
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