📌 Gap Analysis Summary
Gap analysis is a method used to compare current performance or outcomes with desired goals or standards. It helps identify what is missing or needs improvement to achieve those goals. By understanding the gap, organisations can plan steps to bridge it and reach their objectives more effectively.
🙋🏻♂️ Explain Gap Analysis Simply
Imagine you want to get an A in a subject, but you are currently getting a C. Gap analysis is like figuring out what you are missing so you can make changes to improve your grade. It is about spotting the difference between where you are and where you want to be, then making a plan to close that gap.
📅 How Can it be used?
Gap analysis helps teams identify missing skills or resources needed to meet project objectives and plan actions to address them.
🗺️ Real World Examples
A retail company wants to improve customer satisfaction scores from 70 percent to 90 percent. They conduct a gap analysis by reviewing current processes, collecting feedback, and identifying areas such as slow checkout times and limited stock availability. This helps them focus on specific improvements to reach their target score.
A software development team compares their current product features with those offered by a leading competitor. Through gap analysis, they find missing functionalities like mobile support and advanced reporting, so they prioritise these features in their development roadmap.
✅ FAQ
What is gap analysis and why is it useful?
Gap analysis is a way to see how far your current results are from where you want them to be. It is useful because it shows exactly what is missing or needs to be improved. This helps organisations focus their efforts and resources on the areas that matter most, making it easier to reach their goals.
How do you carry out a gap analysis?
To carry out a gap analysis, you first look at your current situation and then define what your ideal outcome or goal is. You compare the two to spot any differences or gaps. From there, you can come up with a plan to bridge those gaps, whether that means changing processes, providing more training, or setting new priorities.
Can gap analysis be used outside of business?
Yes, gap analysis can be helpful in many areas beyond business. For example, schools might use it to improve student performance, while individuals can use it to reach personal goals. Anytime you want to go from where you are now to where you want to be, gap analysis can help show the way.
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