Supporting Industry-based Benchmarking - Benefits of and Limits to the Application of Econometric Methods

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Courtesy of IWA Publishing

Despite the already achieved successes of voluntary benchmarking within the water sector it remains a continuous challenge to support practicably the work on the original aim of benchmarking - performance improvement. A simplification of the performance indicator analysis and a clear inclusion and consideration of the various structural characteristics can help involved senior management to identify quicker and more easily the changeable factors and to assess their effects. A previously under-utilised – at least in Germany – possibility for such a support is the employment of so-called “econometric methods”.

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