gap analysis


A process used in business to identify the requirements that will enable a company to close the gap between its current level of performance utilizing existing resource allocations and its potential performance based on the optimum allocation and integration of resources. Gap analysis provides the basis for determining whether desired outcomes are realistic based on time, money and human resources available to achieve them.

Use gap analysis in a sentence

You should perform a gap analysis to make sure that you are doing things the best way you can do them.

​ Was this Helpful? YES  NO 10 people found this helpful.

Our gap analysis was going on and I wanted top know what the results were before I went home for the day.

​ Was this Helpful? YES  NO 4 people found this helpful.

When the performance of my company's factory suffered after the old manager retired, my boss asked me to perform a gap analysis to figure out how to get the factory back to where it was.

​ Was this Helpful? YES  NO 2 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
gap gap down