Define Bench Mark

A standard by which something can be measured or judged.

Define bench mark. Benchmark synonyms benchmark pronunciation benchmark translation english dictionary definition of benchmark. The new hotel is a benchmark in opulence and comfort. 8 considerations for benchmarking.

A measurement of the quality of an organization s policies products programs strategies etc and their comparison with standard measurements or similar measurements of its peers. 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.

A keen understanding of the information behind a benchmark is key to making sure you re using the right data to guide your next project the word benchmark indicates to a metric unit on a scale for measurement. Benchmarks are generally broad market indices like bse sensex cnx nifty of the indian stock market with which mutual fund returns are compared. Benchmarks may be drawn from a firm s own experience.

Standard or a set of standards used as a point of reference for evaluating performance or level of quality. Generally broad market and market segment stock and bond indexes are used. Benchmark definition is something that serves as a standard by which others may be measured or judged.

A level of quality that can be used as a standard when comparing other things. A benchmark is an unmanaged group of securities which are considered as a benchmark to measure a fund s stock s performance.