In a competitive market landscape, benchmarking is an important tool for measuring and comparing business practices with other competitors. With benchmarking, businesses will be able to adapt, grow, and gain a competitive edge. Businesses use benchmarking methodology to understand when and how they should implement changes to their practices in order to improve and enhance performance.
This comprehensive 5-days learning journey is crafted by LPC to equip you with skills and knowledge to adopt and implement benchmarking practices at your organization.
Throughout this course, you’ll understand the importance of measuring performance and benchmarking in improving practices and activities. You’ll also explore various types of benchmarking, including performance, strategic, and process benchmarking, and distinguish between internal and external benchmarking. Moreover, you’ll learn how to conduct, implement, and manage benchmarking projects. This course also equips you with tools and techniques to collect and analyze benchmarking data, as well as strategies for ensuring continuous improvement.
By the end of this LPC’s course, participants should be able to:
- Demystify benchmarking and its benefits
- Identify the importance of performance measurement within organizations
- Understand types and application of various benchmarking, including strategic, performance, and process benchmarking
- Conduct and manage benchmarking projects within an organization following best practices and strategies
- Set and select suitable metrics and partners for measurement
- Utilize the correct methodologies and tools for collecting benchmarking data and analyze it
- Understand various continuous improvement mythologies and implement them to improve benchmarking practices
- Engineers
- Accountants & Finance Staff
- Operation Managers
- Process Managers
- HSE Leaders
- Middle Managers and Team Leaders
- Project Managers
- Program Managers
- Change Leaders
- Human Resource (HR) Professionals
- Any Manager looking to enhance his/ her skills in Benchmarking and Performance Management