What role does a gap analysis play in performance management?

Gap analysis plays a crucial role in performance management. It helps in identifying the difference between the current performance and the desired performance. This analysis can be used to determine why certain goals, such as sales forecasts, are not being met. It can also help in identifying processes that need to be fixed to improve productivity. In a healthcare setting, it can be used to identify reasons for regular shortages of supplies. For individual assessments, it can help in identifying areas of improvement for each team member and also in identifying best practices that can be adopted by everyone. In essence, gap analysis is a tool for continuous improvement in performance management.

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– after a company launches a new product, a gap analysis might help to determine why sales didn't meet forecasts. Productivity – when a factory's productivity is not meeting expectations, targeted customer needs or the set of business requirements that were laid out, a gap analysis can help determine what process needs to be fixed, the Smartsheet team says. – in case a hospital finds itself running short of supplies on a regular basis, a gap analysis can help to identify the reason for shortages. – performing a gap analysis may help a manufacturer look at the sales performance of the company product catalog to make sure the right mix is being produced and use the results to maximize production. Individual Assessment – a team leader at an accounting firm can have each member perform a gap analysis and use those results not only to find targets to improve each team member's performance but also to draw out the best practices that everyone can adopt, the Smartsheet team says. Product E...

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Gap Analysis

Use our Gap Analysis presentation to assess your team’s current state and identify ways to bridge the gap between your current state and your desired...

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