Benchmarking definition

Benchmarking shall have the meaning given in Section 11.10.1.

Benchmarking means measuring the energy performance of a

Benchmarking means comparing a banking organization’s CCR measures with those derived using alternative data, methods, or techniques. It can also be applied to particular model components, such as parameter estimation methods or pricing models. It is an important complement to backtesting and is a valuable diagnostic tool in identifying potential weaknesses. Differences between the model and the benchmark do not necessarily indicate that the model is in error because the benchmark itself is an alternative prediction. It is important that a banking organization use appropriate benchmarks, or the exercise will be compromised. As part of the benchmarking exercise, the banking organization should investigate the source of the differences and whether the extent of the differences is appropriate.

Examples of Benchmarking in a sentence

• Benchmarking and comparisons to national and state standards, should be used, where appropriate.

• The Use of Benchmarking Data is Nothing New Pharmaceutical companies have for years made use of benchmarking data in a number of important areas.

• The Council Plan includes performance measures and targets from both the Local Government Benchmarking Framework (LGBF) and the community plan.

• Benefits include:• Optimised allocation of resources allowing the Council to maximise value for money.• A consistent aesthetic and performance standard across Redbridge.• Benchmarking and comparing new treatment options on the market.• A better understanding of how assets and treatments behave over time.

• Case Study: Benchmarking Investigator Costs, Protocol Structures, and Time Twenty-five major drug firms began to attack the problem of rising investigator costs in the early 1990’s.

More Definitions of Benchmarking

Benchmarking means measuring the energy performance of a single building or portfolio of buildings over time in comparison to other similar buildings or to modeled simulations of a reference building built to a specific standard such as an energy code.

Benchmarking means the assessment of

Benchmarking. A process through which standards and thresholds are developed through comparisons with others, standards, and best practices. In terms of quality benchmarking, the goal of a performance improvement system is to develop an assessment process that incorporates four basic comparisons: with self, with others, with standards, and with best practices.

Benchmarking means the process of comparing business processes and performance measures to industry bests and/or best practices from other industries. Dimensions typically measured are quality, time and cost.

Benchmarking shall have the meaning specified in Section 8.1D (Benchmarking Process).

Benchmarking means measuring a Covered Building’s energy performance using the ENERGY STAR Portfolio Manager tool or other similar platforms as CASR may designate.

Benchmarking means measuring a Covered Building’s energy performance using the ENERGYSTAR Portfolio Manager tool or other similar platforms as CASR may designate.