One problem with benchmarking is ensuring that numbers are comparable.

Question

Quizplus · Accepted Answer

Benchmarking requires the comparison of metrics or performance indicators to assess whether a process, product, or service is meeting or surpassing established standards. However, in order to compare metrics, they need to be measured using the same units, scales, or parameters. Therefore, ensuring that numbers are comparable is a crucial aspect of benchmarking. Failure to do so can lead to misinterpretation, flawed conclusions, or erroneous decisions.

One Problem with Benchmarking Is Ensuring That Numbers Are Comparable