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SWOT Analysis: State Project Objective: Strengths (Internal Factors) Weaknesses (Internal Factors)

The document discusses SWOT analysis, a strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats related to achieving a project's objective. It involves specifying the objective and identifying internal and external factors that are favorable and unfavorable. Strengths and weaknesses arise internally while opportunities and threats come from external sources. The SWOT analysis is part of project planning and uses a grid to record each factor in those four categories. It then provides questions to consider how to use strengths, address weaknesses, exploit opportunities, and guard against threats.

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Hayri Yildirim
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81 views2 pages

SWOT Analysis: State Project Objective: Strengths (Internal Factors) Weaknesses (Internal Factors)

The document discusses SWOT analysis, a strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats related to achieving a project's objective. It involves specifying the objective and identifying internal and external factors that are favorable and unfavorable. Strengths and weaknesses arise internally while opportunities and threats come from external sources. The SWOT analysis is part of project planning and uses a grid to record each factor in those four categories. It then provides questions to consider how to use strengths, address weaknesses, exploit opportunities, and guard against threats.

Uploaded by

Hayri Yildirim
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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SWOT Analysis

By Duncan Haughey, PMP

SWOT is a strategic planning tool used to evaluate the


strengths, weaknesses, opportunities, and threats to a
project. It involves specifying the objective of the project
and identifying the internal and external factors that are
favourable and unfavourable to achieving that objective.
The strengths and weaknesses usually arise from within
an organisation, and the opportunities and threats from
external sources.

The SWOT analysis is an important part of the project


planning process:

Strengths: attributes of the organisation that help achieve the project objective.
Weaknesses: attributes of the organisation that stop achievement of the project
objective.
Opportunities: external conditions that help achieve the project objective.
Threats: external conditions that could damage the project.

Use the following grid to record each factor:

State Project Objective:

Strengths (internal factors) Weaknesses (internal factors)

Track record (similar successes) Gaps in knowledge and


expertise

Resource availability Timescale and deadlines

Skill levels Budget and funding

Processes and systems Competing projects

Reputation Processes and systems

Opportunities (external factors) Threats (external factors)

Technology and infrastructure Political influences


development

Changing consumer behaviour Environmental factors

Emerging and developing markets Competitor activity

New innovations (R&D) Economy

Market demand Seasonal effects

1
With a SWOT analysis it is useful to ask these questions:

How can we use our strengths?


How can we address each weakness?
How can we exploit each opportunity?
How can we guard against each threat?

Advantages of SWOT
Simple and only costs time to do.
Produces new ideas to help take advantage of an organisation's strengths and
defends against threats.
Awareness of political and environmental threats allows an organisation to have
response plans prepared.

Disadvantages of SWOT
May persuade organisations to compile lists rather than think about what is
important in achieving objectives.
Presents lists uncritically and without clear prioritisation so, for example, weak
opportunities may appear to balance strong threats.
Usually a simple list and not critically presented.

© 2014 Project Smart. All rights reserved.

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