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Why Benchmark?

August 26, 2023 | Performance Assessment
How does your facility measure up? If you can’t answer this, then you should be entering your projects into CII’s Data Warehouse. This program gives users an edge over their competition. At the 2023 CII Annual Conference, representatives Sholeh Lee from the U.S. Department of State and Tony Ermovick from the U.S. Department of Energy spoke of their use of the tool. These organizations, and many others are using this credible and validated database to compare their capital facilities projects to the rest of the industry.
 
This one-of-a-kind tool is used to obtain quantitative information to support decision-making on the front end of a project. Why benchmark your projects? Benchmarking provides unparalleled information project performance, programming, and use of best practices. We want this to be the most robust information available to our industry – that means we need you to enter your projects too!
 
So why should you benchmark your projects? Here’s a few reasons:
  • Unparalleled information for many project types regarding project performance, programming, and use of best practices.
  • Continuous Improvement. Access to quantitative project information helps answer the following questions:
    1. What are the hallmarks of a successful project?
    2. How does my project performance compare to that of industry leaders?
    3. What are the most critical areas to address in order to improve my future projects?
  • Access to non-biased, credible, up to date industry information through external benchmarking data to help speed up the decision making process
  • Benchmark both on a project and program level