Tonight in Project Management we will go through a SWOT Analysis (among other things). So what is a SWOT Analysis? Well its really an organized way to brainstorm and determine business direction and strategy. So how do you do a SWOT? You simply fill in the 4 categories below:
SWOT – Strengths, Weaknesses, Opportunities, and Threats
1. Strengths
What are your strengths/advantages?
2. Weaknesses
What are your disadvantages? What could you improve? What are you lacking?
3. Opportunities
New trends? Anything you can take advantage of/make use of?
4. Threats
Obstacles you face? Competitors? Changing technology? Cash/stakeholder problems?