SWOT Analysis

Strength, Weakness, Opportunity and Threat analysis is a structured approach to identify the risks in the project. Identify strength and weakness. Leverage strength as an opportunity and weakness can be threat, come out of the situation. The strength and Weakness can be identified through brainstorming.

For example the strength can be availability of the funding. Make this as an opportunity for investing on team by providing training or competency development which helps in making the project success. Process is not in place is a weakness and this can be a threat for the final outcome of the quality product. Take different risk responses like mitigate/transfer to come out of the situation.

SWOT Analysis technique is used under Identify Risks Process.