Million Dollar Question: Why Benchmark?

PSMJ Resources, Inc.
Posted on: 01/04/18
Written by: PSMJ Resources, Inc.

download (1)-2.jpgFor more than 40 years, PSMJ has been the go-to resource for industry benchmarking data! PSMJ surveys allow you to quickly analyze your firm and develop a strategy for success.

The million dollar question is: Why benchmark your firm's financial performance today?

The answer:

Industry-specific benchmarking equips firm decision-makers with objective, fact-based data to confidently develop strategies to improve architecture and engineering firms performance and processes and to build a persuasive business case for change. It allows firms to compare their results to their industry peers, as well as best in class.

The most successful A/E firms plan strategically.

 And as discussed often in this blog, benchmarking is crucial to firm success

  • How do you know where you need to go if you don’t know where you are? Analyze your data by selecting relevant metrics from more than 25 peer groups.

  • How do we get there? Develop key initiatives, backed by data, to define the firm’s short- and long-term future. 

  • How did we do? Track success by keeping score using key performance metrics. 

The fundamental key to planning is quality data, and PSMJ’s rigorous survey program provides the accurate and relevant industry metrics that architecture and engineering firm leaders rely on. 

PSMJ’s Survey Data Featured in the ASHRAE Journal!  Check out Cathy Cecere’s recent article in the ASHRAE Journal HERE to see how our data can provide a window into the overall condition of the A/E Industry!

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