Benchmark

Benchmark - Standard, or a set of standards, used as a point of reference for evaluating performance or level of quality.

A measurement of the quality of an organization's policies, products, programs, strategies, etc., and their comparison with standard measurements, or similar measurements of its peers.

The objectives of benchmarking are

(1) To determine what and where improvements are called for

(2) To analyze how other organizations achieve their high performance levels.

(3) To use the information to improve performance.

Definition by Merriam-Webster