Gap Analysis Matrix

The Gap Analysis Matrix assists in business projects that are in the process of being completed, but do not yet possess all of the necessary information and data. By determining what data/information is already collected and what needs to be found, the project will be easier to organize and finish, assuring that no essential content is missing. This essential content is held in something called the EDW - enterprise data warehouse. By idetifying what we already know, it becomes easier to identify which pieces of information are missing.

At a very high level, the Gap Analysis Matrix is used in the context of business.

Want to try this template?
Other Templates

What is the Gap Analysis Matrix?

A visual explanation is shown in the image above. The Gap Analysis Matrix can be described as a matrix with the following quadrants:

  1. Understanding of Business: Contains the information that is already known about a business.
  2. Lack Understanding of Business: Contains the information that needs to be discovered about a business.
  3. Have in EDW: Contains the data that is already present in the enterprise data warehouse (EDW).
  4. Need in EDW: Contains the data that needs to be in the enterprise data warehouse (EDW).

What is the purpose of the Gap Analysis Matrix?

If you have a career in business, it is possible that you will eventually asked to manage a project that requires a large amount of data, general information, and knowledge about the business itself. The Gap Analysis Matrix helps identify the business concepts, techniques, or guidelines that you may need to become familiar with in order to successfully complete the project. It also determines what data is missing from the materials needed for the project. There are two categories into which the Gap matrix divides: Business information and EDW data. EDW stands for "enterprise data warehouse", which is a system that holds data from various sources. By listing what you already know, it will then be easier to discover the missing information. Further organizing this information into categories, then deciding to learn the concepts and collect the data needed, will assure that any work done for your project goes smoothly.


Want to try this template?

What templates are related to Gap Analysis Matrix?

The following templates can also be categorized as business and are therefore related to Gap Analysis Matrix: Effort Impact Matrix, Growth Share Matrix, Kraljic Matrix, Outsourcing Matrix, Quadrant Analysis, Risk Analysis Matrix, Risk Value Matrix, TOWS Analysis Matrix. You can browse them using the menu above.

How can I use Gap Analysis Matrix in Priority Matrix?

You can get Gap Analysis Matrix in your Priority Matrix in just a moment:

  1. Click to sign in or create an account in the system
  2. Start adding your items to the matrix
  3. If you prefer it, download Priority Matrix and take your data with you

Learn more about Gap Analysis Matrix, and get free access to lots of other templates, at templates.app. Once you are comfortable with the document, you can easily export to Excel, if you prefer to work that way.

If you have any questions and you can't find the answer in our knowledge base, don't hesitate to contact us for help.