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Benchmarking is described as “the process of collecting and analyzing  data to identify trends in performance, and, when compared with other  collectors of the same data, identifying best performers” (Youngberg,  2011, p. 24). Consider the possibility of yourself in a new role as a risk manager.  Research risk management topics in the Capella Library or other  reputable online sources. Develop your own description of critical  success factors for the establishment of a systems-based risk management  program. This program must involve interpretation of performance data.

Benchmarking

Benchmarking is described as “the process of collecting and analyzing  data to identify trends in performance, and, when compared with other  collectors of the same data, identifying best performers” (Youngberg,  2011, p. 24).

Consider the possibility of yourself in a new role as a risk manager.  Research risk management topics in the Capella Library or other  reputable online sources. Develop your own description of critical  success factors for the establishment of a systems-based risk management  program. This program must involve interpretation of performance data.

In your initial post to this discussion, include the following:

  • Your own description of critical success factors for the establishment of a systems-based risk management program.
  • The types of benchmarking data that are important to consider.
  • Roles within your organization that need to be involved in the proactive risk management program.
  • A short 3–5 sentence summary, with references, regarding  considerations or caution in interpretation of internal and external  benchmarking data.

An outline format is acceptable for your initial post as long as at  least one in-text APA reference is included, along with an accompanying,  congruent APA-formatted reference. Posts should be based upon  peer-reviewed, evidence-based literature; these sources do not include  those in the courseroom.

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