A business analyst (BA) works for a financial institution that wants to acquire new systems and migrate all future business operations to the new systems. The BA is responsible for performing a gap an

Performance measures are identified when defining the future state or evaluating solution effectiveness, not as the immediate next step following a current state review in gap analysis.

Defining future state capabilities is a subsequent step that follows risk categorization - it requires understanding current-state risks first so that gaps can be accurately and completely identified.

Once the current state has been reviewed, categorizing risk factors allows the BA to assess and prioritize the risks posed by current system deficiencies and capability shortfalls. In the context of a financial institution migrating to new systems, classifying these risks is necessary to structure the gap analysis findings and inform the migration roadmap. This step ensures the gap analysis produces a risk-informed view that supports prioritized decision-making before defining the path forward.

Selecting the stakeholder engagement approach is a business analysis planning activity performed earlier in the overall process, not a step within the execution of a gap analysis.