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How to conduct a gap analysis for business process improvement

What is a business process? A business process is a series of tasks that employees within an organization repeatedly perform to create a product or service. It starts with an objective and ends with the achievement of a goal, which provides value for the stakeholders. What is business process improvement? Business process improvement is the collection of methodologies to identify, analyze and improve on the existing processes within an...

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Can Gap Analysis Benefit Your Business?

It’s fairly obvious that if a company wants to succeed and thrive it needs to make a profit. But if your business is starting to struggle you may be worried about simply keeping the doors open. Beyond that, however, you need to also focus on what isn’t working and how to improve it. In a nutshell, this is the essence of gap analysis. When broken down, it’s much more. But the question is, can gap analysis benefit your business? To...

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GAP Analysis

This article describes the GAP Analysis in a practical way. After reading you will understand the basics of this powerful type of project management and strategic tool. What is a GAP Analysis? It is vital for organisations to have the right objectives and achieve them within the allotted time. A gap occurs when it is not possible to (fully) complete an objective before the deadline. When that happens, the end result does not match the...