"If you can't measure it, you can't improve it." This quote, often attributed to the renown management consultant Peter Drucker, points out that unless you are assessing your business practices and measuring resulting performance, it is difficult to know whether your organization is performing well and making the improvements required to stay abreast (and hopefully ahead) of your peer companies.
Establishing and tracking key performance indicators (measures that are both applicable and indicative) for your processes can provide important measures of how well your procedures, policies, people, and tools are contributing to your internal improvements. However, if this is performed only in an inward-looking approach, you may not realize how you compare with your peers or understand what improvements are being made external to your organization.
Conquest Consulting Group can help in providing an assessment of your cost engineering and cost estimating practices to assist in identifying both strengths and weaknesses in your current processes; and identify recommendations to close any gaps in achieving pacesetter performance for your industry. See our Organizational Development page for more information.