Community Benchmarking and Comparative Indexing
Many communities struggle with the task of identifying the “benchmarking targets” that form the basis for establishing performance goals and metrics. Application of a Comparability Index (CI) represents a unique methodology for addressing that challenge. The CI process begins with data gathering designed to support statistical modeling based on a series of weighted factors. The process requires close collaboration with local representatives in the host community to assure that selected factors such as population, employment characteristics, per-capita income, economic base, governmental revenues, and metropolitan influence are relevant to the analysis. The degree of similarities and differences among the communities can then be identified and analyzed. Ultimately, the aim of the CI process is to bring a rational and objective form of analysis to the question of how the subject community compares to other communities.
For additional information about community benchmarking please contact: