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.
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.
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."
- 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."
John Galt is a new writer with primarily a financial industry background. A serial entrepreneur, Galt has written an abundance of business-related documents along with marketing proposals, speeches and handbooks. Galt has a Bachelor of Arts from NYU in international affairs.