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Gap Analysis is a method of determining how an organization’s current state differs from its desired future state and the steps it needs to take to achieve desired performance results.
Description of Gap Analysis
Gap Analysis is a common technique for assessing performance gaps across a variety of areas, such as sales growth, productivity, innovation, or leadership competencies, to name just a few. The assessment might require different sources of information, such as qualitative and quantitative data, to arrive at an accurate understanding of what the gaps are. Determining what information is necessary to conduct the assessment and how to acquire it is part of the analysis process, followed by the actual comparison of current versus desired results. Once the gaps have been identified, an implementation plan for closing them must be developed, which requires buy-in and alignment from everyone involved.
Praxie's Online Gap Analysis Tools & Templates
Strategy teams often use Gap Analysis Templates to compare actual performance with potential or desired performance. If an organization doesn’t make the best use of current resources or forgoes on investment in capital or a new and innovative piece of technology, there may be a consequence to this decision.
Strategy teams using the new online Gap Analysis Template from Praxie can make more precise decisions about emerging opportunities the structure of the template can be split into three columns of current state, future state, and gaps are listed in columns so that all information can be viewed and understood, from the big picture to the details. Get started with our Gap Analysis template.
How to use it:
- Enter your target items for change in the far-left column.
- List the current state of each item
- List the desired state.
- Identify the gaps that exist between your current (from) state and your desired (to) state.
- Create an action plan for completing your Gap Analysis.
Unlike most traditional Gap Analysis techniques, Praxie’s online Gap Analysis collaboration tools allow any team or organization to instantly begin working with our web templates and input forms. Our digital platform goes far beyond other software tools by including progress dashboards, data integration from existing documents or other SaaS software, elegant intuitive designs, and full access on any desktop or mobile device.