Exam CBAP topic 1 question 166 discussion

I don't understand, how this is Benchmarking. It looks like feasibility study to me: An evaluation of proposed alternatives to determine if they are technically, organizationally, and economically possible within the constraints of the enterprise, and whether they will deliver the desired benefits to the enterprise.

feasibility study: An evaluation of proposed alternatives to determine if they are technically, organizationally, and economically possible within the constraints of the enterprise, and whether they will deliver the desired benefits to the enterprise.

Benchmarking can be done within a single organization or across multiple organizations. The key aspect of benchmarking is the comparison process itself, which can involve comparing different options, materials, processes, or performance metrics. For example, you can benchmark: - Internal benchmarks: Comparing different departments, processes, or products within your own organization to identify best practices and areas for improvement. - Competitive benchmarks: Comparing your organization’s performance or processes against direct competitors to understand your relative position in the industry. - Industry benchmarks: Comparing your organization against best-in-class organizations within the same industry to learn from industry leaders. - Functional benchmarks: Comparing similar functions or processes across different industries to find innovative practices that can be adopted.

A. Comparing alternatives. Not standards

Benchmarcking is correct. Both are comparison tools but in this case they are comparing materials side by side.