What is a Gap Analysis?

Gap analysis is a methodology used to compare current performance of a business or project to desired goals and objectives. This allows for identification of underperforming areas that need improvement, and assists in deciding where to invest extra resources. It involves clarifying current situations, setting clear goals and objectives, identifying gaps, describing current processes, and proposing a plan for addressing those gaps. Effective gap analysis provides transparency for stakeholders and helps project managers communicate issues in a recognizable format.