- February 18, 2019
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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. The original Process Classification FrameworkSM (PCF)as a common language and open standard to allow organizations to see and discuss their activities from an industry-neutral viewpoint.
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 releases 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. The Property and Casualty Insurance PCF restructures the cross-industry PCF taxonomy to include categories of processes relevant to insurance organizations.
The PCF is written in United States English language format.
You can find the Excel version of the Property and Casualty 7.1.0 PCF here.