standardized business processes selected for adoption thoughout an organization. Business processes include purchasing procedures and other matters requiring communication and record keeping. When an organization-wide data processing system is installed to automate these processes it is necessary to unify the divergent methods formerly employed in the various departments. The standard procedure agreed upon may optimistically be called the best practice though it is very likely a compromise. In the case of the PeopleSoft project, certain business procedures are mandated by the design of the software.
Techniques that agencies may use to help detect problems in the acquisition, management, and administration of service contracts. Best practices are practical techniques gained from experience that Agencies may use to improve the procurement process.
This refers to a set of operational practices generally accepted by an industry as leading to increased operational efficiency, and thus worthy of being shared and copied among like service providers where applicable (see also Social Housing Services Corporation).
are those practices and procedures, followed regularly, that reflect the wisdom and experience at leading-edge companies. The collection, interpretation and assembly, and re-definition and updating of best practices has been historically performed by management consultants from working in many industries and analyzing common threads. One commentator in an article in The Wall Street Journal on October 20, 1998, argued sardonically that best practices are what consultants see while working at one company, repackage it and sell it to other corporate clients, touting it as their own.
Actual practices, in use by qualified providers following the latest treatment modalities, which produce the best measurable results on a given dimension. Board Certified - In addition to licensing, some physicians may be board certified in their specialty after typically completing a period of training ("residency") in a particular specialty and passing an examination given by the board of that specialty.
Technique s that agencies may use to help detect problem s in the acquisition, management, and administration of service contract s. Best practice s are practical technique s gained from experience that have been shown to produce best results. [D03802] GAT
An optimal set of procedures and functional principles, typically derived from previous experience. When followed, best practices generally result in improved results, enhanced work flow, and other benefits in completing project activities. However, following best practices does not guarantee satisfactory results from a particular project.
the processes, practices, or systems identified in public and private organizations that have performed exceptionally well and are widely recognized as improving an organization's performance and efficiency in specific areas. Successfully identifying and applying best practices can reduce business expenses and improve organizational efficiency.
Best practices is the term used to describe lenders' policies related to loan processing, products and terms, customer interaction, or customer and broker education. While there is no set best practices standard for the lending industry, each lender follows its own a set of best practices, and many overlap throughout the industry.
A term used to describe generally agreed upon processes, derived from experienced industry experts, which should be undertaken when deploying projects in order to decrease operational and financial risk.
In benchmarking, the measurement or performance standard by which similar items are evaluated. Defining a best practice identifies opportunities to improve effectiveness. The process of comparing an actual result to a best practice may be applied to resources, activities, or cost objects.
A methodology that identifies an activity as the benchmark by which a similar activity will be judged. This methodology is used to assist in identifying a process or technique that can increase the effectiveness or efficiency of an activity. The source may be internal (e.g. taken from another part of the company) or external (e.g. taken from a competitor). Another term used is competitive benchmarking.
strategic approach to maintain personal and/or business production at a level that creates customer satisfaction; a continuous improvement strategy that is applied to address issues such as cost controls and quality and to make just-in-time inventory systems work.
methods of performing a process or sub-process that have been identified inside or outside of the organization and which are validated, codified, diffused, and shared with others to encourage reciprocity and knowledge sharing. View records related to this term
Examples of field-based activities, operational procedures or capacity building approaches that are successful and sustainable in social and environmental terms and can be readily adopted by other individuals or organizations.