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Benchmarking Projects: How to Apply It on Non-Industrial Projects

Author

Listed:
  • Elias Ikpe
  • Jatinder Kumar
  • George Jergeas

Abstract

This case study is an example to demonstrate the application and potential strength of benchmarking and its application on non-industrial projects. The paper provides a review of the benchmarking system, benchmarking process, benefit of benchmarking, benchmarking types and barrier of benchmarking. It also describes the use of benchmarking in different knowledge areas. The research shows example of planned contingency and schedule growth results from oil and gas projects executed in Alberta phases 1 & 2 in CII/COAA database. The CII/COAA benchmarking approach was used to improve performance in projects executed in Alberta. The use of the benchmarking system can contribute to a better project performance on non-industrial projects. It is concluded that this approach can be used to benchmark other kinds of projects on non-industrial projects.

Suggested Citation

  • Elias Ikpe & Jatinder Kumar & George Jergeas, 2015. "Benchmarking Projects: How to Apply It on Non-Industrial Projects," Business and Management Horizons, Macrothink Institute, vol. 3(1), pages 24-35, June.
    • Handle: RePEc:mth:bmh888:v:3:y:2015:i:1:p:24-35
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    File URL: http://www.macrothink.org/journal/index.php/bmh/article/view/7704
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    References listed on IDEAS

    as
    1. Derek Walker, 1997. "Choosing an appropriate research methodology," Construction Management and Economics, Taylor & Francis Journals, vol. 15(2), pages 149-159.
    2. J. Rooke & D. Seymour & D. Crook, 1997. "Preserving methodological consistency: a reply to Raftery, McGeorge and Walters," Construction Management and Economics, Taylor & Francis Journals, vol. 15(5), pages 491-494.
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