What are the potential solutions and costs to eliminate the gap i

The potential solutions to eliminate the gap identified in a Gap Analysis depend on the specific gap identified. It could involve hiring new staff, investing in new technology, or implementing new processes. The costs associated with these solutions can vary widely, depending on the nature of the gap and the solution. For example, hiring new staff could involve recruitment costs, salaries, and training expenses. Investing in new technology could involve the cost of the technology itself, implementation costs, and training costs. Implementing new processes could involve costs related to change management, training, and potential disruption to operations. It's important to conduct a cost-benefit analysis to ensure that the solution is cost-effective.

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Here are some key questions to ask yourself to help identify the gap. Survey your entire team to get a wide sample of answers. In addition to asking what the gap is and who is responsible, ask for potential solutions and costs to eliminate the gap. Once all the possible reasons have been collected and studied, a root cause should present itself. In the case of a Saas business that is no longer seen as innovative, the root cause could be the development team is too swamped with incremental improvements for the existing core product. As a result, they don't have the bandwidth to work on anything new. (Slide 6)

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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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