Performance measurement combines costs, schedules, business and technical data into metrics to show how a project has performed in a standard and consistent manner from pre-development, sanction, contract award (where relevant) and execution as a first step towards benchmarking.
Benchmarking compliments Performance measurement. It applies the metrics derived from performance measurement to provide comparisons with other businesses or projects. This can be internal – comparing results across a range of projects or processes or external – which compares results against a range of peer group company projects in order to establish gaps and provide a basis for continuous process improvement.
We have the skills to support our clients in the development of Performance Measurement System that would enable them to pursue value for money by ensuring that project or policy data is structured in a manner that it can be utilized to generate metrics to measure and challenge performance and enhance process improvement.