IRRV Alert - week ending 5th June 2020
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Best Practice in Benchmarking (2 June 2020)
Guidance
Best Practice in Benchmarking
This document outlines the IPA’s recommended methodology for cost and performance benchmarking.
Published 1 March 2019
Last updated 2 June 2020 — see all updates
From:
Infrastructure and Projects Authority
Documents
Best practice in benchmarking
PDF, 2.19MB, 47 pages
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Details
In December 2017, the IPA set out an ambitious plan for transforming infrastructure and the construction sector over the long term through its Transforming Infrastructure Performance (TIP) programme. As part of TIP, the IPA established a dedicated unit to support benchmarking initiatives with the aim of embedding a consistent approach to benchmarking across major infrastructure projects and programmes.
Benchmarking for infrastructure projects, for example in the Case study: Benchmarking tunnelling costs and production rates in the UK, involves using data from other projects to better inform project development and decision making throughout a project’s lifecycle.
This document introduces the IPA’s recommended methodology for benchmarking and includes a step-by-step guide to undertaking, or commissioning, a benchmarking exercise. It sets out why sponsors and delivery bodies, such as Government Departments and Arm’s-Length Bodies (ALBs), and consultants and suppliers, could benefit from using benchmarking to improve project performance.
Following this guidance, the IPA published a benchmarking capability tool which supports organisations to measure and improve their benchmarking capability against industry best practice.
Published 1 March 2019
Last updated 2 June 2020 + show all updates