Since a portfolio consists of multiple mutual funds, a portfolio of actively managed funds should be benchmarked to a portfolio of comparable index funds to determine if active fund management is working or hurting.

FORBES: 1 in 20 Fund Investors Beat the Odds

Federal legacy IT system inertia compete with standards and can also be orthogonal to Benchmarked Industry Best Practices.

FORBES: Feds Focus on Cloud Acquisition Strategies

With this new system, schools will be able to see how they might perform when benchmarked against a global scale.

BBC: Schools can measure themselves against Pisa tests

The spokesperson said the cost per head to play football has been benchmarked against other similar sized local authority provision, and found to be reasonable.

BBC: Football in net