Gap analysis is defined as:

• A. The comparison between an entity's ultimate objective and the expected performance from projects, both planned and under way.
• B. The measurement of actual vs planned budgets
• C. The assessment of supply chain risks
• D. The evaluation of marketing campaigns

Answer: (A)

Gap analysis focuses on the distance between where the organization wants to be (the ultimate objective) and what the current and planned projects are expected to deliver. It involves clearly stating the objective, forecasting the performance outcomes of ongoing and planned initiatives, and then comparing those forecasts to the target. The result highlights gaps that need action—such as reallocating resources, adjusting timelines, or launching additional projects—to close the gap and reach the objective. This approach is different from simply measuring actual versus budgeted amounts, assessing supply chain risks, or evaluating marketing campaigns, which are narrower or different types of analysis. In short, it’s about identifying how far you are from your strategic target based on current and planned work, so you can decide what to change to reach it.