Welcome back,
everyone. Today, I am launching the first video in the November series, Benchmarking
and Measurement – Evaluating Where You Are, Determining Where You’re Going.
This video topic is Meaningful Metrics – Vital Data to Benchmark Your Organization.
When I talk about benchmarking, I am referring to the process of collecting key
data to understand your current performance in several categories. Once you
have a baseline, this data can then be used to set targets and track future improvement.
Benchmarking
your operations provides the ability to measure progress over time, expand on
goals, and advance sustainability initiatives through continuous improvement.
Although there is benchmarking software out there, benchmarking can be done
using simple spreadsheets to track performance indices like energy, water,
waste, supplies, training, safety, transportation, etc. It is very important to
include the associated costs with these metrics to assess financial savings and
evaluate bottom-line growth. Periodic data analysis and trending will help
identify opportunities for performance improvement and can provide substantial
business value.
Consistent
with the triple bottom line approach to sustainability, it is important to
measure economic, environmental, and social metrics. There is no standard set
of metrics you should benchmark; you need to identify metrics critical to your
organization. This can be done by determining what is material to your
operations and best fits your Corporate Responsibility goals.
Make sure to
sign up for this month’s webinar on November
26. I will be looking at how to properly organize and use your
benchmarking data, and as always, I will be directly answering your questions.
– Tad Radzinski, PE, LEED AP, SFP
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