How Do You Use Benchmark In A Sentence?

How do you use the word benchmark?

Data for 1996 to 2000 was used to benchmark the performance of universities.

In February the United States reached a benchmark of 2 million individuals in its prisons and jails.

His business acumen has seen the centre firmly established as a benchmark for the industry..

What is the opposite of benchmark?

Opposite of a benchmark by which something is evaluated. inferiority. insignificance. unimportance. worthlessness.

What’s a litmus test mean?

A litmus test is a question asked of a potential candidate for high office, the answer to which would determine whether the nominating official would proceed with the appointment or nomination.

What is a benchmark used for?

A benchmark is a point of reference by which something can be measured. In surveying, a “bench mark” (two words) is a post or other permanent mark established at a known elevation that is used as the basis for measuring the elevation of other topographical points.

What are the purpose of benchmarking?

The objective of benchmarking is to understand and evaluate the current position of a business or organisation in relation to best practice and to identify areas and means of performance improvement.

What is a CPU benchmark?

A CPU benchmark is the result of a series of tests designed to measure the performance of a computer or device CPU (or SoC). A set of standards or baseline measurements are used to compare the performance of different systems using the same methods and circumstances.

What is an example of a benchmark?

For example, benchmarks could be used to compare processes in one retail store with those in another store in the same chain. External benchmarking, sometimes described as competitive benchmarking, compares business performance against other companies.

What does it mean to benchmark something?

Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. … This then allows organizations to develop plans on how to make improvements or adapt specific best practices, usually with the aim of increasing some aspect of performance.

What is a benchmark year?

Benchmark Year means the calendar year prior to the calendar year in which vesting of Points is being assessed pursuant to Section 6.2.

What is benchmark and its types?

There are four main types of benchmarking: internal, external, performance, and practice. … Performance benchmarking involves gathering and comparing quantitative data (i.e., measures or key performance indicators). Performance benchmarking is usually the first step organizations take to identify performance gaps.

What is benchmarking and why is it important?

Benchmarking is a way of discovering what is the best performance being achieved – whether in a particular company, by a competitor or by an entirely different industry. This information can then be used to identify gaps in an organization’s processes in order to achieve a competitive advantage.

Are you a person with benchmark disability?

Benchmark disability refers to having at least 40% disability of any type recognized under the RPWD Act 2016. The new Act recognizes 21 types of disabilities. So, to be in the category of having benchmark disability, a person has to have at least 40% disability as mentioned on her disability certificate or UDID Card.

What is a benchmark in investing?

Definition: A benchmark is an unmanaged group of securities which are considered as a ‘benchmark’ to measure a fund’s/stock’s performance. Benchmarks are generally broad market indices like BSE Sensex, CNX Nifty of the Indian stock market with which mutual fund returns are compared.

What is another word for Benchmark?

What is another word for benchmark?yardstickmeasureguidelinelevelnormparspecificationbarexampleexemplar202 more rows

Why is it called a benchmark?

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.

What is mobile benchmark?

Benchmarking apps are useful for measuring the performance of your device and comparing the scores with similar devices. They test the performance of processors, graphics systems, Web browsing, and more.

Is benchmarking good or bad?

The discussion of whether benchmarking is good or bad is an old one. Benchmarking can be an effective means to learn new skills and to develop your organization. However, it should be a process of continual improvement. Once you have implemented changes, you should benchmark your business again to see the results.

What is the difference between spot height and benchmark?

Spot height is the height of a particular point or altitude on the ground. It is generally found on maps which shows the height of a particular hill or Mountain. … On the other hand, a benchmark is a standard or a point of reference.

How do you write a benchmark?

Use these steps to practically benchmark your business against your competitors:Identify what you’re going to benchmark. … Identify your competitors. … Look at trends. … Outline objectives. … Develop an action plan for your objectives. … Monitor your results and implement an action plan.

What are the three types of benchmarking?

There are four primary types of benchmarking: internal, competitive, functional, and generic.Internal benchmarking is a comparison of a business process to a similar process inside the organization.Competitive benchmarking is a direct competitor-to-competitor comparison of a product, service, process, or method.More items…

What is the difference between a standard and a benchmark?

As nouns the difference between standard and benchmark is that standard is a principle or example or measure used for comparison while benchmark is a standard by which something is evaluated or measured.