Experts measure up at CoreNet lunch.Recent industry efforts to standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. benchmarks of performance and some of the technology that has made this possible were discussed at CoreNet Global New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Chapter's luncheon at the Roosevelt Hotel
Speaking at the event were panelists Paul F. Darrah, Vice President of Bloomberg, Tim B. Bender, Vice President of Real Estate at Alliance Capital, and Mert Livingstone, Executive Director of Real Estate at Pfizer. Mark R. Costello of Ernst & Young was both a speaker and the mediator mediator n. a person who conducts mediation. A mediator is usually a lawyer, or retired judge, but can be a non-attorney specialist in the subject matter (like child custody) who tries to bring people and their disputes to early resolution through a conference. . "What was confirmed to me was that the reporting responsibility of the panelists has increased," Costello said. "They have to report up the ladder, to the upper hierarchy of management, and the tools to both gather data and report it have improved their ability to do this." "It's a combination of standardizing processes, standardizing reporting, and using technology as an enabler. The discussion confirmed where corporate America is going." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the panel, CEOs' efforts to ascertain where their companies sit with respect to their peers in the industry can be answered in a more concrete manner using certain types of metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. . These benchmarks are becoming both more pertinent and precise. "It was interesting to learn how different companies are measuring information," said Michael A. De John, a principal real estate advisor at WG Project Management who also spoke at the event. "It's important to conveying what your performance is." |
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