Mitigating Risk with Gap Analysis, Risk Assessment, and Feasibility Analysis

man creating financial documents on a laptop

When you’re creating a change strategy for a proposed solution, there are many factors to take into account. A solution needs to satisfy a need or solve a problem in an organization, but it also needs to fit with the culture, work with technology that is currently available, and be a solution that will be supported by the organization to nurture it and allow it to grow in the future.

That said, business analysis projects can be complex and risky, so it’s essential to have a clear understanding of your solution’s scope, goals, and potential risks. One of the best ways to mitigate those risks is to conduct a strategy analysis and complete a Gap Analysis, risk assessment, and feasibility check.