- June 12, 2011
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Effective benchmarking requires common definitions and processes. Like a shared language, organizations need to make apples-to-apples comparisons to obtain accurate benchmarks and metrics. They can use the original Process Classification Framework (PCF)SM as a common language and open standard to allow organizations to see and discuss their activities from an industry-neutral viewpoint. There is also a PDF version.
While cross-industry content is valuable, APQC recognizes that for some industries it is more difficult to apply, and nuances in processes may occur by industry. As a result, APQC is releasing industry-specific frameworks to enable faster, more relevant use and comparisons. IBM provided the subject matter expertise and intellectual property to develop and donate these industry PCFs in support of open standards.As of 2009, APQC has released a total of 11 industry-specific PCFs.
The Banking PCF radically restructures the original PCF taxonomy to include categories of processes relevant only to banking organizations. Central to these changes is the additional category 13.0, "Manage Enterprise Risk."
The PCF is written in United States English language format.