Benchmarking
What is Benchmarking?
The process of comparing an organization's practices, processes, and performance metrics to industry best practices or peer organizations.
Terms that appear alongside benchmarking
Each of these is named in at least one of the same controls as benchmarking. The number is how many controls name both.
- audit 11 shared controls
- compliance 9 shared controls
- lessons learned 7 shared controls
- risk assessment 6 shared controls
- remediation 5 shared controls
- cybersecurity 5 shared controls
- maturity assessment 5 shared controls
- certification 5 shared controls
Frameworks that govern benchmarking
What the standards actually require on benchmarking
Requirements naming benchmarking across 6 standards, quoted from the control text.
The organization might benchmark itself against peers and document the comparison, including through established sustainability indices that cover supply chain management, understanding trends and comparing systems, processes and performance, while guarding ag...
iso-20400-2017-sustainable-procurement::6.5.3 · 6.5.3 Benchmarking →The benefits that come from delivering and keeping suitable I&T products, services and capabilities are monitored against the business case as agreed and currently in force.
cobit-2019::APO05.05 · APO05.05 Manage benefits achievement →Reserving assumptions are realistic, transparent and informed by history. Baseline: assumptions documented and justified against historical experience, not solely pricing or planning; validation where not derived from own data;
principles-for-doing-business-at-lloyd-s::P6.3 · 6.3 Realistic, transparent reserving assumptions that consider historical experience →Guidance that tagging HCRD data digitally makes it easier to organize and analyse, simplifying entry and classification, cutting errors and supporting trend analysis.
iso-30414-2025::4.5.7 · Digital taxonomy →Following organization policies and procedures, the project examines the problems and opportunities named in the organization's strategy against its goals and objectives to find shortfalls in today's capabilities, systems, products or services, also looking at...
iso-iec-ieee-29148-2018-systems-and-software-engineering-requirements-engineering::6.2.3.2 · 6.2.3.2 Prepare for business or mission analysis →The planning group should sketch a program suited to what the organization can afford, what it needs and how it works, and set realistic deadlines for developing and rolling it out.
ansi-asis-wvpi-aa-2020-workplace-violence-and-active-assailant::7.2 · 7.2 Design the program and establish a plan for its implementation →Questions people ask about benchmarking
What is Benchmarking?
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See how Benchmarking applies across compliance frameworks
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