The basis of results comes from two sources, the Catalyst Baseline and/or your own benchmark standards. As part of the start up services Catalyst will record a few of your completed projects, which are used to establish initial benchmark standards. In effect, your results of your completed projects are used to calibrate the default Catalyst baseline predictions.
This benchmark calibration is not for cost alone. It also calibrates the program and design, which is measured by scope parameters.
Catalyst’s baseline reflects the “market average” per a combination of published standards and real world project data. Real world data includes a sampling of projects within Catalyst’s database. Catalyst baseline predictions include a wide range of variation.
The second type of benchmark standard calibrates Catalyst predictions to the member’s benchmark. Member benchmarks are typically completed projects, but they can (and should) also be created from composites of member projects, or other standards of performance or production.
Membership begins with a few benchmark standards that are established by Catalyst. These benchmarks are simply real world projects that have been completed and recorded as actual “benchmarks” in Catalyst’s system. Members may continue to record completed project data to build upon their inventory of benchmarks. Actual project recorded results become a benchmark by simply checking the “This set can be used as a benchmark for other projects” box on the Definitions page.
Once checked they enter the member’s list of benchmarks and are available for future projects. Figure 1 shows “Higher Education” benchmarks filtered out and made available as the “basis of results” for future projects.
Figure 1 – Selecting a Benchmark
Many design and construction companies struggle to set up and maintain a historical project data system. Catalyst benchmarking and calibration meets this need by automatically maintaining and normalizing the data to future locations and times as requested.
Note, all private organization information and data submitted to Catalyst will be held in strictest confidence. Real world information and data used for illustration purposes typically comes from public institutions where the information is publicly available.
With regard to the Catalyst baseline, users will be able to gage the current “Program Readiness” and “Calibration Strength”by a 100% scale indicator . Figure 2 is an example of what users see in the instance of a Medical Center.
Figure 2 – Program Readiness and Calibration Strength Indicator
Observe that the lower the Program Readiness and Calibration Strength indicators are, the more important it is to select available Benchmarked projects or standards for modeling.