Benchmarking for Improved Decision-Making Capabilities in Today's Public Sector

Topics:
Strategic Management Tools
Tags:
Benchmarking,
Decision-making,
Public Entity Risk Institute,
Public Sector
Source:
Public Entity Risk Institute

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Overview: This article discusses both internal and external benchmarking and how these strategies can be employed to help a public entity identify key program cost drivers and evaluate and refine loss prevention and risk management programs and procedures. Benchmarking is a tool public entities use to make more informed decisions regarding the performance of their risk and insurance programs. The idea behind benchmarking is simple: make comparisons internally and with other organizations and continuously improve performance using the lessons learned through this comparison process.

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Format: PDF | Size: 149KB | Date: Jul 2004 | Pages: 4

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