Reserve Studies & Reserve Management
What are best practices?
A best practice is a technique or method that has proven reliably to lead to a desired result or outcome. Business best practices are proven, repeatable, documented techniques that deliver measurable performance management improvements. These practices are industry-based and may be adapted to fit a unique organization or business. Benchmarking is a systematic process used to identify and implement best practices. The term best practice is most common in the fields of health care, government administration, higher education, business management, and technology.
Best Practices for Community Associations
Identifying and promoting best practices in the community association Industry is a key goal of the Foundation for Community Association Research and its parent organization, Community Associations Institute (CAI). The Foundation publishes Best Practices Reports related to operating and managing community associations and common interest ownership communities. Topic areas for Best Practices Reports are selected by the Foundation, working with CAI leaders, staff, and members. Benefits of using best practices include: improved quality and performance, better planning and evaluation methods, innovative approaches to operations and management, and increased organizational accountability.