Gap analysis represents a tool for raising the level of performances of products, processes and enterprise organization which is rarely used in risk management. This paper proposes the joint application of Gap and Pareto analysis, in aim to mitigate possible risks in production processes. It is based on the facts that key points in the production process indicate some serious oversights (gaps), characterized as errors, which can grow into risky elements that disturb the manufacturing process and final transmitter assembly. In this paper, finalizing and assembling pressure transmitter elements (modules), created by a domestic manufacturer, served as an example for the Gap analysis. Each electronic transmitter is consisted of three modules: measurement cell, mechanical coupling fixture and enclosure containing the electronics and the terminal block box. Through the implementation and assembly of these modules errors (or elements of potential risks) have been identified. Later on, using the Pareto chart, it has been seen that 80% of errors made during the transmitter manufacturing process have occurred while implementing the first and the third transmitter module. Also, by analyzing the collected gaps, it has been concluded that the critical ones happen while using the existing technology and engaging workforce. In order to eliminate the above-mentioned errors, this paper decidedly presents the Gap analysis steps which should be followed, so the transmitter manufacturing process would be improved in terms of quality. Similar methodology could be applied to other products and processes.