The process of identifying and implementing the best practices which lead to excellent performance is known as _______________

Correct option is D

Ans. (D)
Sol. Benchmarking is the process of identifying and implementing the best practices, standards, or performance metrics from other organizations or industries to improve performance. It involves comparing one's processes and performance metrics to industry leaders to identify areas for improvement.
Explanation of each option:
· (A) PERT Chart – Incorrect. PERT (Program Evaluation and Review Technique) charts are used for project management to plan and control the schedule, not for identifying best practices.
· (B) GANTT Chart – Incorrect. GANTT charts are used for scheduling and tracking project timelines, not for identifying best practices.
· (C) Table marking – Incorrect. Table marking is not related to the process of identifying best practices.
· (D) Benchmarking – Correct answer. Benchmarking helps organizations to improve by learning from the best practices of others.