Benchmarking Studies
Benchmarking Studies as performed by UT Internal Audit measures your department’s performance in relevant areas of performance and internal controls against those practices of an outside group. This enables UT business functions uncover to identify opportunity areas for operational excellence and identify performance measures that other universities and health systems use in their balanced scorecards.
These days, competitive, regulatory, and economic pressures are greater than ever. Thus, it is even more important as ever today for UT to distinguish itself from its peers. While the process is time-consuming, benchmarking is a prudent way to understand what the direct and indirect competition is doing, and to take actions to perform those tasks more efficiently and effectively.
UT Internal Audit’s network of internal controls and business professionals in higher education, health care, and general business provides a solid framework on which to benchmark. Given that we do the work internally, our benchmarking services save you time and money versus expensive external consultants without a direct stake in your success.