A gap analysis report seeks to benchmark the performance of an organization against target standards or goals. Any type of organization or business can be effectively analyzed using gap analysis methodology. According to Adams Sixth Sigma, all successful organizations have a process of gathering data and subjecting it to thorough gap analysis. Gap analysis is appropriately utilized when reviewing performance within all facets of an organization. These can include, but are not limited to, information technology, business development, human resources and regulatory compliance.
Things You'll Need
- Set of goals or standards for each phase of the organization
- Detailed statistics relating to performance within each arena
- Analytical software capable of massaging large amounts of data
Analyze how performance-related data compares to benchmarks set within each constituent group comprising your organization. Utilize objective numbers whenever possible, and avoid input of subjective assessments into your gap analysis model.
Identify deficiencies in each phase of the business against the promulgated targets. Quantify in tangible terms the extent of each shortcoming.
Determine if sufficient resources exist within the organization in order to attain the target goals. Study individual performance data in order to ascertain if resource deficiencies relate to either quality or quantity.
Calculate the requisite additional resources needed in order to bring performance up to the organization's stated goals. Outline quality issues within the organization's current resources where applicable.
Seek input from the organization's personnel relating to the conclusions of the gap analysis report. Extrapolate from the data which areas within the organization need focus, and devise a plan of action to close the gap between expected and actual performance.
Tips & Warnings
- According to Business Consulting Buzz, the gap analysis methodology can be used effectively by both large and small businesses alike. Using a gap analysis report template can simplify the creation process.
- Be fastidious when collecting data, and remember to heed the old adage of "Garbage in, garbage out."
Tools for Gap Analysis
Gap analysis is a useful for tool for helping an organization to keep focus on the big picture. By identifying where a...
SWOT Analysis Vs. Gap Analysis
A SWOT analysis and a GAP analysis are types of business reports used to evaluate the current position of a business in...
Solution Gap Analysis
Gap analysis looks at a current status in relation to a desired status in the future. The difference between the two is...
Data Gap Analysis
Data gap analysis is the process of analyzing existing data to determine where an organization is not producing or evaluating data that...
How to Do a Gap Analysis
When you want to improve your business or create a project, a gap analysis can help you understand the obstacles you need...
How to Develop a Skill Gap Analysis
Developing a skill gap analysis involves determining the required skill levels and the current levels of the skills in the desired areas....
Financial Gap Analysis
A financial gap analysis is a tool that managers can use to determine if there is a difference between their desired financial...