EFFECTIVELY ALIGNING DEFINITIONS OF SUCCESS WITH PROPER BENCHMARK SELECTION
The benchmarking process is a key step in the management of institutional portfolios. Measuring progress against specific objectives is valuable in determining the success of the investment program. Benchmarking should be the easy part, but, as we often find, it can add complexity and confusion to an already complex process.
In this short series of two papers on benchmarking, we explore the challenges of defining, using, and understanding appropriate benchmarks, starting with a discussion on the importance of accurately defining what success means for your organization.