Best Practice Solutions


Definition  |  Criteria  |  Benefits

Speech by Mawlana Hazar Imam at the 

Scully Award Acceptance on 26 January 2005
It was from this notion of service to people that we were led to search for best practices. We sought examples of best practice for vastly different local situations – from the ultra-poor in rural environments to the ultra-rich cities and towns of oil producing states.”

“We were challenged with finding ways of making these best practices available to broad segments of the population in order to have a continuous and positive effect. In the developed world, that would mean reaching the middle classes. In the developing world, it meant making these best practices accessible to the poor.


Best practice is defined as a method or technique that has been generally accepted as superior to any alternatives because it produces results that are superior to those achieved by other means.


In order to benchmark performance, the Grants and Review Board has developed audit criteria (standards) for over 100 organizational functions. Audit criteria, often referred to as “best practices” are attainable standards of performance against which compliance, the economy, efficiency and cost effectiveness of operations and adequacy of systems and processes can be assessed. The below is a sampling of operational areas in which best practice checklists have been developed by the GRB.

Performance Management
Property Management
Risk Management
Financial Controls
Bank Reconciliations
Policies and Procedures
Energy Conservation
Fixed Assets
Records Management
Reporting Systems
Strategic Planning
Training and Development
Accounting Software


The below chart illustrates the 8 benefits of implementing best practices.