gap analysis

Popular Terms
A technique that businesses use to determine what steps need to be taken in order to move from its current state to its desired, future state. Also called need-gap analysis, needs analysis, and needs assessment.

Gap analysis consists of (1) listing of characteristic factors (such as attributes, competencies, performance levels) of the present situation ("what is"), (2) listing factors needed to achieve future objectives ("what should be"), and then (3) highlighting the gaps that exist and need to be filled. Gap analysis forces a company to reflect on who it is and ask who they want to be in the future.

Use 'gap analysis' in a Sentence

If you want to have a good comprehensive break down on how things are running you should take a gap analysis.
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Finding out everything you can from a gap analysis will help you to understand what you need to adjust in the future.
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Bob thought he understood the roadblocks facing them in the current merger, but a quick look at the gap analysis they had prepared revealed he had neglected to consider several key hurdles.
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Notable Quotable

Gap Analysis for Personal and Business Development
"Gap analysis begins by asking yourself two basic questions: Where are you now? Where do you want to be? In answering these questions, one needs to be as detailed as possible so it will be easier to come up with realistic plans of action. Study your current situation and determine how you are presently performing. Afterward, write down your desired outcome or goal. Doing so will give you a clear view of how far you actually are from your objectives."
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