<aside> 💡 The slides for this lecture can be found here.

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Current State

It is important to understand the current state of the business, so that you can figure out where they want to go from there.

You also need to manage the solution scope and requirements of the project.

SWOT Analysis

A Strengths, Weaknesses, Opportunities and Threats Analysis (SWOT Analysis) is a framework for strategic planning, opportunity analysis, competitive analysis, business and product development.

It is a valuable tool to quickly analyze various aspects of the current state of the business process.

  1. What are the strengths of the business, and how can they be utilized?
  2. What are the weaknesses of the business, and how can they be eliminated?
  3. What are the opportunities for the business, and how can they take advantage of them?
  4. What are the threats to the business, and how can they manage and respond to them?

Examples that could be in a SWOT analysis.

Examples that could be in a SWOT analysis.

There are both advantages and disadvantages of a SWOT analysis.

Feasibility Analysis