Model predictive control (MPC) technology has been widely implemented throughout the petroleum, chemical, metallurgical and pulp and paper industries over the past three decades. The focus of this paper is the assessment of single-input, single-output MPC schemes against a new performance standard. The proposed MPC benchmark is shown to be useful both as a model diagnostic and as a tuning guide during commissioning. A formal assessment procedure is presented which emphasizes the use of routine operating data plus knowledge of the deadtime to determine when it becomes worthwhile to invest in re-identification of the plant dynamics and re-installation of the MPC application. (C) 2003 Elsevier Ltd. All rights reserved.