What are the origins of open method of coordination

The origins of the OMC lie in the Lisbon European Council (March 2000), which made its introduction as the primary means of spreading best practice and achieving greater policy convergence within the EU. It was intended to foster learning across the Member States through a range of instruments such as, Establishing quantitative and qualitative indicators and benchmarks as a means of comparing best practice; Establishing guidelines for Member States, with specific timetables for their achievement, in the short, medium and long-term; Translating these guidelines into national policies, with specific targets; Periodic monitoring, evaluation and peer review and Council Recommendations.