Bench Mark Definition

Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies.

Bench mark definition. The new hotel is a benchmark in opulence and comfort. Benchmark synonyms benchmark pronunciation benchmark translation english dictionary definition of benchmark. Standard or a set of standards used as a point of reference for evaluating performance or level of quality.

The term benchmark or bench mark originates from the chiseled horizontal marks that surveyors made in stone structures into which an angle iron could be placed to form a bench for a leveling rod thus ensuring that a leveling rod could be accurately repositioned in the same place in the future these marks were usually indicated with a chiseled arrow below the horizontal line. Benchmark definition a standard of excellence achievement etc against which similar things must be measured or judged. Generally broad market and market segment stock and bond indexes are used.

Benchmarks are generally broad market indices like bse sensex cnx nifty of the indian stock market with which mutual fund returns are compared. Benchmarking is used to measure performance using a specific indicator cost per unit of measure productivity per unit of measure cycle time of x per unit of measure or defects per unit of. A benchmark is a standard against which the performance of a security mutual fund or investment manager can be measured.

How to use benchmark in a sentence. Benchmark definition is something that serves as a standard by which others may be measured or judged. A benchmark is an unmanaged group of securities which are considered as a benchmark to measure a fund s stock s performance.

Benchmarks may be drawn from a firm s own experience. Dimensions typically measured are quality time and cost.