First you need to identify the opportunity. This can be done using a SWOT analysis where you look at the Strenghts, Weaknesses, Opportunities and Threats. Once you identify the opportunity, you will need to assess if it is significant or it is not. For that purpose you can use a simple criteria such as impact and probabibilty. If the opportunity is significant you will need to take the necessary actions to conduct it, defining resources needed, responsibilities, deadlines, etc. In addition you will need to assess the effectiveness of the actions taken in order to implement that oppotunity within your organization. This information should be included in the reports.
For more information about how to drive oppotunity reports see the following materials: