How can a gap analysis template be used to identify business requirements and existing situations?

A gap analysis template can be used to identify business requirements and existing situations by providing a structured format to document and analyze the current state of the business and the desired future state. The template typically includes sections for detailing the current situation, the desired situation, and the gap between the two. This allows for a clear visualization of what is currently happening in the business and what needs to change to achieve the desired outcomes. The identified gaps can then be used to determine the capabilities needed to bridge them, as well as to identify potential issues and risks. This process helps in strategic planning and decision making.

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There are a few different ways you can present a gap analysis across your organization. For instance, you can use a gap analysis template to fill in your current business requirements, existing situation, and identified gap. For our example, you would start with your requirement to build an innovative new product, then add a desire to double your profit margin, dominate your industry's market share, and create a revenue-generating business partnership. With each gap identified, you can then determine the capabilities needed to reduce the gap, and the issues and risks the gap presents. For your company's main goal, the capabilities you'll need are new C-level hires on the technology team and the risks you'll have to overcome is a lack of promised upward mobility and low morale. (Slide 15)

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Gap Analysis (Part 2)

How do you get from where you are now to where you want to be? Use our Gap Analysis presentation to assess and bridge the gap between your team's curr...

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