What type of analysis is used to evaluate strengths and weaknesses of a project?

SWOT Analysis is specifically designed to evaluate the strengths, weaknesses, opportunities, and threats associated with a project or organization. In this context, strengths and weaknesses represent the internal factors that can influence the success of a project. By systematically identifying and examining these attributes, stakeholders can gain insights into the areas where the project is performing well and the aspects that may require improvement or mitigation.

The identification of strengths helps in leveraging those advantages to enhance project outcomes, while recognizing weaknesses allows teams to address potential risks or shortcomings proactively. This is crucial for effective project management and strategic planning.

In contrast, Cost-Benefit Analysis focuses on quantifying the financial implications of a project, feasibility analysis assesses whether a project is realistically achievable, and competitive analysis examines the position of a project relative to its competitors. While these analyses provide valuable insights, they do not specifically hone in on the strengths and weaknesses of a project as directly as SWOT Analysis does.