Sarbanes-Oxley / Basel ii Needs Analysis

In order to determine the compliance needs, we will conduct a needs assessment. This systematic exploration of the way things are and the way they should be is the systematic basis for decisions about how to improve the current situation.

The key is to seek the gap between the current situation and the desired situation and then to focus resources where they're most needed.

GAP Analysis
The first step is to check the actual performance of people against existing standards. Special consideration is needed in order to understand the actual needs that are not always the same as perceived needs, or "wants". This analysis will also examine the organizational goals, climate, and internal and external constraints.

Priorities and Importance
GAP Analysis will produce a list of needs. Our next step is to examine these in view of their importance to the organizational goals, realities, and constraints.
Identifying causes of problems and possible solutions

We have prioritized and focused on critical needs. Our next step is to identify specific problem areas and opportunities in the organization.