7 Steps to Self Assessment

You can focus on processes that have lower impact, but their results won’t create optimal value from the investment driving those improvements.

STEP 3: Collect data. Comparing your company metrics to available best-in-class benchmarking data (quantitative benchmarking) will expose underperforming areas. Research of best-in-class performance may be interindustry or intraindustry, so your time required can vary widely.