If you’ve ever worked in an office, you might have heard of a SWOT analysis. It’s a tool used to look at the strengths, weaknesses, opportunities, and threats of a business or project.

One advantage of a SWOT analysis is that it is easy to perform and the only cost is the time committed to it, according to ProjectSmart.co.uk, a reputable online project management resource.

An effective process companies use to assess themselves and their competitors and formulate their strategies is an analysis called ... Strong project management skills, ability to improve ...

The opportunities (O) and threats (T) sections help the company project ... Employ your management team in the strategic planning to help reap the benefits of SWOT analysis. You may recognize ...

This stage may require substantial debate among analysis participants, including bringing in upper management to help rank priorities. Convert the SWOT analysis into a strategic plan. Members of ...

Weaknesses could be a lack of management experience. Opportunities might be the chance to lead a new project, while threats ...