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PIARC (World Road Association), founded in 1909 and comprising 125 member governments from all over the world, is the global forum for exchange of knowledge and experience on roads, road transport policies and practices. With consultative status to the Economic and Social Council of the United Nations, the Association is contributing to a stable and sustainable global development of the road and transport sector.

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  4. Term of the Dictionary | benchmarking

Term of the Road Dictionary

benchmarking

  • Language : PIARC Road Dictionary / English
  • Theme : Financial and Legal Tools Finance and Procurement Economics and Finance
  • Definition : Comparing the performance of an action to a qualitative and quantitative standard. Notes: 1. Such a standard will often be the best in the same domain of intervention or in a related domain. 2. Benchmarking is facilitated when, at the national or regional level, there is comparative information of good and not so good practice.

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