Which of the following provides a basis for assessing project performance?

Question

Options

• AProfitability and impact matrix
• BExpert judgment
• CBenchmarking
• DRisk categorization

• A
  10% (4)
• B
  3% (1)
• C
  82% (32)
• D
  5% (2)

Explanation

Benchmarking (C) provides a basis for assessing project performance by comparing a project's metrics, processes, or outcomes against industry standards, best practices, or similar projects - giving you an objective, external reference point to gauge how well the project is actually doing.

• A (Profitability and impact matrix) is a tool for prioritizing work or evaluating business value, not for measuring how a project is performing against a standard.
• B (Expert judgment) is a technique for estimation and decision-making, not a structured basis for performance assessment - it's subjective and lacks a comparative framework.
• D (Risk categorization) organizes risks into groups for planning purposes; it evaluates threats, not overall project performance.

Memory tip: Think of benchmarking as a "measuring stick" - you need an external mark to measure against, which is exactly what performance assessment requires.

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