What is a Gap Analysis?

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.

View

More Innovation Resources:

What is an idea box ?

Implementing an idea box can improve a company's continuous improvement process, involve employees in the organization's life, and source ideas and innovations from employees.

View

Strategic Leadership - 18 Learnings from a Personal Strategic Tapestry

Creating a personal strategic tapestry filled with various learnings from business experts is a great way to continually develop your strategic leadership perspective.

View
The Four Forms of Crowdsourcing

The Four Forms of Crowdsourcing

Crowdsourcing comes in four forms: garden variety, distant expert sourcing, expert targeting, and force multiplying. Plan for life after the challenge, and rebrand failure as a valuable lesson.

View