Last edited 31 Dec 2020

SWOT analysis


[edit] Introduction

SWOT analysis is a planning method that can be used for evaluating a company, business or project based on its:

It works by identifying the objectives of the business or project before assessing various aspects of it, both internal and external, which are a help or hindrance to achieving those objectives. Businesses can use a SWOT analysis to improve their market competitiveness and resilience.

In construction, SWOT analysis can help companies assess where they stand within the market, enabling them to anticipate how changing economic conditions, new rivals, etc. might impact on their business.

[edit] Strengths

The strengths of a construction company might include their efficiency and ability to remain on-schedule, a well-established brand name, a diversified range of projects and skills and so on. Factors that can be considered as part of an analysis of strengths include:

[edit] Weaknesses

Weaknesses might include; having a large proportion of business with one client, in one sector, or in one particular area, a management team lacking certain skills and experience and so on. Factors that can be considered as part of an analysis of weaknesses include:

[edit] Opportunities

Opportunities can arise from; expanding a business, changing government policy, using expertise of a particular sector to anticipate where the market will go next and so on. This involves keeping a close eye on the industry and its influences and trying to spot trends that can be exploited before rivals do.

[edit] Threats

Some threats to an organisation can be external and beyond control, such as a slow-down in the industry or a negative change in government policy (e.g. rising tax rates). Other threats may be internal, such as poor management, debt, cash flow problems, lack of investment, lack of expertise, and so on. Factors that can be considered as part of an analysis of threats include:

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