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Leadership for Project Managers

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Benchmarking

A structured practice of comparing your actual or planned products, processes, and methods with those of similar organizations to uncover leading practices, spark improvement ideas, and establish objective measures of performance.

Key Points

  • Looks outward to comparable peers or industry leaders to gauge performance and practices.
  • Can be internal, competitive, or functional/industry-wide in scope.
  • Helps set realistic targets, KPIs, and supports continuous improvement initiatives.
  • Requires careful selection of relevant comparators and normalization to avoid apples-to-oranges comparisons.

Example

A PM analyzes change request cycle time and defect escape rate against published metrics from similar organizations. The team adopts identified best practices and sets a target to reduce cycle time by 25% over the next two releases.

PMP Example Question

A project manager studies how similar organizations manage schedule variance and resource utilization to set realistic targets for her project. Which technique is she using?

  1. Benchmarking
  2. Variance analysis
  3. Parametric estimating
  4. Sensitivity analysis

Correct Answer: A — Benchmarking

Explanation: Benchmarking compares products, processes, and practices to those of comparable organizations to identify best practices and set performance measures.

Agile Project Management & Scrum — With AI

Ship value sooner, cut busywork, and lead with confidence. Whether you’re new to Agile or scaling multiple teams, this course gives you a practical system to plan smarter, execute faster, and keep stakeholders aligned.

This isn’t theory—it’s a hands-on playbook for modern delivery. You’ll master Scrum roles, events, and artifacts; turn vision into a living roadmap; and use AI to refine backlogs, write clear user stories and acceptance criteria, forecast with velocity, and automate status updates and reports.

You’ll learn estimation, capacity and release planning, quality and risk management (including risk burndown), and Agile-friendly EVM—plus how to scale with Scrum of Scrums, LeSS, SAFe, and more. Downloadable templates and ready-to-use GPT prompts help you apply everything immediately.

Learn proven patterns from real projects and adopt workflows that reduce meetings, improve visibility, and boost throughput. Ready to level up your delivery and lead in the AI era? Enroll now and start building smarter sprints.



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