Six requirements for successful benchmarking

[AM Council]

At the November 2015 Brisbane Chapter Asset Management Council event Kevin Lines, the Group Manager, Asset Management, at CS Energy, presented to the 90 strong audience on the topic of auditing and benchmarking. The six requirements outlined by Kevin for successful benchmarking were described as:

A strong and active commitment from senior management to lead and implement the benchmarking process A willingness to change and adapt based on the benchmarking findings.
A realisation that the competition is constantly changing.
An openness to new ideas, creativity and innovativeness in their application to existing processes. ·
A continuous benchmarking effort.
A willingness to share information with benchmarking partners (e.g. other organisations)

Download a copy of Kevin Lines’ presentation here.
http://www.amcouncil.com.au/files/Asset_Management_Council_1511_Benchmarking_and_Auditing_Kevin_Lines.pdf