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Gap Analysis
Organizations set goals and objectives for each department and every employee within it. Whether the goals are financial or performance based, each entity within an organization is expected to perform to a level that aligns with the overarching expectations and standards set by the organization. If a department or employee falls short when these expectations are clearly identified, it is essential to identify the gap between desired outcomes and actual outcomes. To identify and address this, organizations can perform a gap analysis. Although a gap analysis is not the only tool available to an organization or manager when examining performance issues, it is commonly used to identify gaps in performance and realign processes or resources to obtain the desired outcomes or expectations to fill the gap.
To prepare for this Assignment, review the P4 Performance Management performance gap analysis from this week's resources in order to familiarize yourself with the components of a traditional gap analysis.
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