Comparisons with competitors or companies that perform tasks well can help you optimize your work.
This process is known as “benchmarking.” A term originating in land surveying, benchmarking is about measuring metrics and practices and then comparing them with data from other businesses..
When applied to building energy use, benchmarking serves as a mechanism to measure energy performance of a single building over time, relative to other similar buildings, or to modeled simulations of a reference building built to a specific standard (such as an energy code)..
When applied to building energy use, benchmarking serves as a mechanism to measure energy performance of a single building over time, relative to other similar buildings, or to modeled simulations of a reference building built to a specific standard (such as an energy code)..
Benchmarking is an invaluable tool for learning and improvement, but requires thoughtful planning, execution, and follow-up.
By comparing different industry benchmarking tools and methods, you can determine the best way to measure and enhance your performance, processes, or practices..
Benchmarking can help you identify areas of opportunity within your business and your industry.
For example, you might notice that your competitors are falling behind in a certain area, and you might be able to exploit that for your benefit.
You might also pinpoint items within your own company that you can improve..
