What is GAP Analysis ?
GAP analysis is a strategic tool used by organizations to identify the difference between their current state and their desired future state. It helps in understanding "where you are" and "where you want to be," allowing for the development of actionable steps to bridge the gap. GAP analysis is widely used in business, project management, process improvement, and performance optimization. Key Elements of GAP Analysis: Current State (As-Is): A detailed evaluation of the organization's current performance, processes, or situation. Desired State (To-Be): A clear understanding of the goals or objectives the organization wants to achieve. GAP (Difference): The disparity between the current and desired states. Action Plan: Strategies or initiatives to close the gap and reach the desired state. Steps in Conducting a GAP Analysis: Define Objectives: Identify what you want to achieve (e.g., increased sales, improved efficiency, compliance with regulations). Asses...