In: Operations Management
How does SWOT analysis play a role in successful completion of a project?
1. With the help of SWOT analysis project future performance can be determined as in this analysis strength, weakness, opportunities and threats can be known which can emerge during project completion.
2. To get the successful outcome of the project, swot analysis can be performed during the initial phase of project which works as a foundation for the project plan.
3. Potential risks can be known due to this analysis and can be eliminated by taking appropriate steps so that the project gets completed successfully.