Briefly describe the strategic planning process; including the SWOT analysis. Which method do you think businesses use most when identifying IT project? Why?
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The strategic planning process is a method commenced by a business or a company to develop a strategy and implement it for the accomplishment of its complete long-term goals; The SWOT analysis is an organized plan method used to calculate the chances, strengths, flaws, weakness, and risks involved in a project.
Businesses use the SWOT analysis method most when identifying IT project because a SWOT analysis provides a clear understanding of the risks, and opportunities that assist the company to know the project strengths and weakness of going forward.
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3 comments:
A strategic planning process helps business leaders to determine where to spend time, human capital, and money. In this era, it is really important for any organization to maintain a high competitive position in the market. For they always looking new ways and strategies to promote and improve its business. Either, small or large companies are looking to invest their money in a wisely manner, for a common purpose, increase revenues. With the advancement of technology, many IT project managers are using more and more frequently the SWOT method. The main reason is because it provide detail description in a hierarchical structure all the step necessary to implement a project with its results. SWOT gives a better understanding of why to build a project.
Of course, I do agree a well planned effective strategic of action must be implement in for a successful outcome of any project, but IT project can be extremely demanding and elaborated; therefore, it requires special detail oriented organization methods to identify the team's strengths, opportunities, weakness and threats that could affect the final quality of the project performance and the client's satisfaction.
Are there other methods besides SWOT? Pf. Forman
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