The SWOT-Analysis – panacea or hazard?
Everyone knows it and uses it in projects, the SWOT-Analysis. The letters SWOT are an abbreviation for “Strengths, Weaknesses, Opportunities and Threats”. It is often used for analyzing the current situation and deriving actions being performed through a project or programme. A SWOT-Analysis can be performed before starting into a project, during the project as well as at the end of it. The strengths and weaknesses are typically an analysis of the own situation at present compared to another party such as the main competitor. The considerations regarding the opportunities and threads are looking ahead, providing answers to “what if the project was performed?”.
Using the SWOT-Analysis seems to be pretty simple, but there are some traps to consider. Firstly, it should be a team effort to fill the SWOT, not only one person, because the perspective of one person would be too limited. Secondly, the SWOT needs to be based on a balanced view. In Germany for example, the people like to criticize a lot and thus the “weaknesses” would be overemphasized compared to the strengths. In Asian countries it might be the opposite. Cultures with focus on the present situation might have more difficulties looking ahead, whilst long-term oriented cultures would rather focus on the opportunities and threats than the current situation with strengths and weaknesses. Thirdly, it is a dynamic team process to fill the SWOT-Analysis. Killer phrases might disturb that process, or power and politics between individuals or sub-groups involved. Therefore, a proper facilitation is needed, capturing all views, visualizing the results and trying hard to showing the “true picture”. The more the process is transparent, the more people trust in the results.
What can be done with the results of a SWOT-Analysis? Certainly we can build on the strengths and pursue to achieve the opportunities mentioned. The weaknesses can be turned around into strengths and the threats should be taken care of with mitigation measures. All these activities can be performed through a project or form the basis for its planning.
Reinhard Wagner has been active for more than 30 years in the field of project- related leadership, in such diverse sectors as Air Defense, Automotive Engineering, and Machinery, as well as various not-for-profit organizations. As a Certified Projects Director (IPMA Level A), he has proven experience in managing projects, programmes and project portfolios in complex and dynamic contexts. He is also an IPMA Certified Programme and Portfolio Management Consultant, and as such supports senior executives in developing and improving their organizational competence in managing projects. For more than 15 years, he has been actively involved in the development of project, programme and portfolio management standards, for example as Convenor of the ISO 21500 “Guidance on Project Management” and the ISO 21503 “Guidance on Programme Management”. Reinhard Wagner is Past President of IPMA and Chairman of the Council, Honorary Chairman of GPM (the German Project Management Association), as well as Managing Director of Tiba Managementberatung GmbH.
Most Read
-
15 June 2018 | 7:26
5Ws 1H: A technique to improve Project Management Efficiencies
-
29 January 2018 | 8:13
5S (or 6S) Lean Management technique: Possible uses in project management
-
02 February 2018 | 2:32