SWOT Analysis - Revision history

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	A core question during the situation analysis is ''"What do we want to achieve?"''<ref name=NMMT/> To successfully aim at the desired future state, it is necessary to take all uncertainties into account. SWOT helps project, program and portfolio managers to systematically consider these uncertainties and to anticipate changes in the environment of the project, program or portfolio.<ref name=NMMT/> By executing a SWOT-Analysis, a better prediction of external factors and future developments is possible and great knowledge of internal factors and the situation is gained. This makes it a powerful tool for the first step in the Problem Solving Cycle.		A core question during the situation analysis is ''"What do we want to achieve?"''<ref name=NMMT/> To successfully aim at the desired future state, it is necessary to take all uncertainties into account. SWOT helps project, program and portfolio managers to systematically consider these uncertainties and to anticipate changes in the environment of the project, program or portfolio.<ref name=NMMT/> By executing a SWOT-Analysis, a better prediction of external factors and future developments is possible and great knowledge of internal factors and the situation is gained. This makes it a powerful tool for the first step in the Problem Solving Cycle.

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	''Developed by Henning Duwe''		''Developed by Henning Duwe''

	SWOT is a commonly used method that helps to systematically analyze a company's strategic position <ref name=ITFAPR>Hill, Terry and Westbrook, Roy. ''[[Long Range Planning Vol. 30]]'', 1997, Elsevier Science Ltd, pp. 46–52.</ref> by dividing it into the four categories “Strengths”, “Weaknesses”, “Opportunities” and “Threats” to examine their influence and how these attributes interact with each other. The goal is to get an objective and unbiased view of the organization (internal view) and the environment (external view). <ref name=HBOIP>Watkins, Ryan and Leigh, Doug. ''[[Handbook of Improving Performance in the Workplace: Selecting and Implementing Performance Interventions, Vol. 2]]'', 2010, Pfeiffer, pp. 115–140.</ref> It can be described as a planning technique for Situation <ref name=NMMT>Zuest, Rainer and Troxler, Peter. ''[[No More Muddling Through]]'', 2006, Springer, pp. 35-39.</ref> or Data Analysis <ref name=PMBOK>Project Management Institute. ''[[Guide to the Project Management Body of Knowledge]]'', 2017, Project Management Institute, p. 415.</ref>or as a tool for “identifying, relating, and making performance improvement decisions within context.”<ref name=HBOIP/> The results can then be used as a foundation to formulate goals and to search for solutions.<ref name=NMMT/>		SWOT is a commonly used method that helps to systematically analyze a company's strategic position <ref name=ITFAPR>Hill, Terry and Westbrook, Roy. ''[[Long Range Planning Vol. 30]]'', 1997, Elsevier Science Ltd, pp. 46–52.</ref> by dividing it into the four categories “Strengths”, “Weaknesses”, “Opportunities” and “Threats” to examine their influence and how these attributes interact with each other. The goal is to get an objective and unbiased view of the organization (internal view) and the environment (external view).<ref name=HBOIP>Watkins, Ryan and Leigh, Doug. ''[[Handbook of Improving Performance in the Workplace: Selecting and Implementing Performance Interventions, Vol. 2]]'', 2010, Pfeiffer, pp. 115–140.</ref> It can be described as a planning technique for Situation<ref name=NMMT>Zuest, Rainer and Troxler, Peter. ''[[No More Muddling Through]]'', 2006, Springer, pp. 35-39.</ref> or Data Analysis<ref name=PMBOK>Project Management Institute. ''[[Guide to the Project Management Body of Knowledge]]'', 2017, Project Management Institute, p. 415.</ref>or as a tool for “identifying, relating, and making performance improvement decisions within context.”<ref name=HBOIP/> The results can then be used as a foundation to formulate goals and to search for solutions.<ref name=NMMT/>

	SWOT is used on many occasions. Three situations, in which the method is particularly applicable are shown below:		SWOT is used on many occasions. Three situations, in which the method is particularly applicable are shown below:
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	* As a part of an improvement process, by regularly checking and updating the strengths, weaknesses, opportunities and strengths when new influences arise.<ref name=HBOIP/>		* As a part of an improvement process, by regularly checking and updating the strengths, weaknesses, opportunities and strengths when new influences arise.<ref name=HBOIP/>

	== Description of the Tool ==		== Description of the Tool ==
	[[File:PSC.png\|thumb\|right\|upright=1\|Figure 1: Own Illustration of the Problem-Solving Cycle as a recursive procedure <ref name=NMMT/>'']]		[[File:PSC.png\|thumb\|right\|upright=0.8\|Figure 1: Own Illustration of the Problem-Solving Cycle as a recursive procedure <ref name=NMMT/>'']]

	=== The Role of SWOT in Project, Program and Portfolio Management ===		=== The Role of SWOT in Project, Program and Portfolio Management ===

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	For each of these segments, an own evaluation is made. The ultimate goal is to have an overview of the issue from the most important perspectives and therefore have a basis for upcoming decisions under uncertainty.		For each of these segments, an own evaluation is made. The ultimate goal is to have an overview of the issue from the most important perspectives and therefore have a basis for upcoming decisions under uncertainty.
	One of the strengths of SWOT is that it raises attention to the context, in which the results of the decision will be implemented. In a traditional SWOT-Analysis, contextual factors like an increasing market fragmentation categorized as a threat are classified and discussed by the participants. By doing so, a better understanding of the context can be accomplished. <ref name=HBOIP/>		One of the strengths of SWOT is that it raises attention to the context, in which the results of the decision will be implemented. In a traditional SWOT-Analysis, contextual factors like an increasing market fragmentation categorized as a threat are classified and discussed by the participants. By doing so, a better understanding of the context can be accomplished.<ref name=HBOIP/>
	~~[[File:Conventional SWOT Matrix.png\|thumb\|right\|upright=1.5\|Figure 3: Partial SWOT Matrix <ref name=HBOIP/>''.]]~~

	=== Partial SWOT-Analysis ===		=== Partial SWOT-Analysis ===
	Often the SWOT-Analysis is ended prematurely, which is the reason between the distinction of "partial" and "full" SWOT. Many companies use SWOT just as a structure for listing or "as a method of initiating discussion"<ref name=ITFAPR/>, not as an analysis tool. This is not the scope of the method, but since this way of executing SWOT is spread widely among enterprises, this circumstance has to be accepted. That is why it can be helpful to point out the difference between a partial and full execution of SWOT before beginning so that the aim is clear and no false hopes for the output are raised. In the case of partial SWOT, the results will most likely be no more than a description and not a complete analysis.		[[File:Conventional SWOT Matrix.png\|thumb\|right\|upright=1.5\|Figure 3: Partial SWOT Matrix <ref name=HBOIP/>'']]
			Often the SWOT-Analysis is ended prematurely, which is the reason between the distinction of "partial" and "full" SWOT. Many companies use SWOT just as a structure for listing or "as a method of initiating discussion",<ref name=ITFAPR/> not as an analysis tool. This is not the scope of the method, but since this way of executing SWOT is spread widely among enterprises, this circumstance has to be accepted. That is why it can be helpful to point out the difference between a partial and full execution of SWOT before beginning so that the aim is clear and no false hopes for the output are raised. In the case of partial SWOT, the results will most likely be no more than a description and not a complete analysis.

	Still, in this “Partial SWOT” the company gets insights from the internal view with the dimensions “Strengths” and “Weaknesses” as well as from the environment with the ~~“Opportunities”~~ and ~~“Threats”~~ as external factors. For the partial SWOT, a 2-by-2 matrix is commonly used as a structure (see Figure 3).		Still, in this “Partial SWOT” the company gets insights from the internal view with the dimensions “Strengths” and “Weaknesses” as well as from the environment with the “Opportunities" and "Threats” as external factors. For the partial SWOT, a 2-by-2 matrix is commonly used as a structure (see Figure 3).

	The advantages of this simplified analysis are that each factor can be examined individually while still having a broad view on the matter. Additionally, this way of executing SWOT is faster and easier than the way the SWOT will be executed in the following chapters.<ref name=HBOIP/> On the other hand, the analysis is less deep and interdependencies and synergies are getting ignored.		The advantages of this simplified analysis are that each factor can be examined individually while still having a broad view on the matter. Additionally, this way of executing SWOT is faster and easier than the way the SWOT will be executed in the following chapters.<ref name=HBOIP/> On the other hand, the analysis is less deep and interdependencies and synergies are getting ignored.
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	== Application: Full SWOT-Analysis on Coal Energy ==		== Application: Full SWOT-Analysis on Coal Energy ==

	A concrete example of a full SWOT-Analysis on the use of coal energy compared to other fossil fuels in Thailand based on the paper ''"Assessing Coal Use in Thailand: Current and Future Trends"'' <ref name=Coal>Prurapark, R. and Asavaritikrai, P.. ''[[Assessing Coal Use in Thailand: Current and Future Trends]]'', 2020, Springer Nature Singapore Pte Ltd., pp. 83–92.</ref> ~~shall~~ be executed here. The content of the matter shall not be the middle of the attention, but rather the way a full SWOT-Analysis is performed. Still, this example ties to Project, Program and Portfolio Management.		A concrete example of a full SWOT-Analysis on the use of coal energy compared to other fossil fuels in Thailand based on the paper ''"Assessing Coal Use in Thailand: Current and Future Trends"''<ref name=Coal>Prurapark, R. and Asavaritikrai, P.. ''[[Assessing Coal Use in Thailand: Current and Future Trends]]'', 2020, Springer Nature Singapore Pte Ltd., pp. 83–92.</ref> will be executed here. The content of the matter shall not be the middle of the attention, but rather the way a full SWOT-Analysis is performed. Still, this example ties to Project, Program and Portfolio Management:

	According to the ''PMI Talent Triangle'', project managers should have the following three competencies:<ref name=PMI> Project Management Institue. ''[[The Standard for Program Management — Fourth Edition]]'', 2017, Project Management Institute, pp. 56-57.</ref>		According to the ''PMI Talent Triangle'', project managers should have the following three competencies:<ref name=PMI> Project Management Institue. ''[[The Standard for Program Management — Fourth Edition]]'', 2017, Project Management Institute, pp. 56-57.</ref>
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	==== Strengths ====		==== Strengths ====
	* ''Overall Costs:'' Coal is a comparably cheap source for electricity production. The high availability and accessibility are reasons for this. In distinction to oil or natural gas, it does not need pipelines as an infrastructure. The prices are not fluctuating as in the oil business. According to Prurapark et al., the costs of coal are low compared to nuclear power and solar power in that region.		* ''Overall Costs:'' Coal is a comparably cheap source for electricity production. The high availability and accessibility are reasons for this. In distinction to oil or natural gas, it does not need pipelines as an infrastructure. The prices are not fluctuating as in the oil business. According to Prurapark et al., the costs of coal are low compared to nuclear power and solar power in that region.
	* ''Availability:'' Compared to other fossil fuels like natural gas and oil, there are significantly higher reservoirs of coal in Thailand. The reserve to production ratio (R/P ratio), which "represents the number of years that current reserves would last if their rate of use did not change" <ref name=R/P> ''[[Energy Systems and Sustainability: Power for a Sustainable Future, 2nd Ed.]]'', 2012, Oxford University Press, p. 114.</ref> is significantly higher than those of its competitors. With the current usage, coal has a R/P ratio of 63 years, while the R/P ratio of natural gas and oil is 5 and 2 years.		* ''Availability:'' Compared to other fossil fuels like natural gas and oil, there are significantly higher reservoirs of coal in Thailand. The reserve to production ratio (R/P ratio), which "represents the number of years that current reserves would last if their rate of use did not change"<ref name=R/P> ''[[Energy Systems and Sustainability: Power for a Sustainable Future, 2nd Ed.]]'', 2012, Oxford University Press, p. 114.</ref> is significantly higher than those of its competitors. With the current usage, coal has a R/P ratio of 63 years, while the R/P ratio of natural gas and oil is 5 and 2 years.
	* ''Safety in Transportation (Overseas):'' The transportation of coal is said to be safer and easier than the transportation of oil and natural gas. While leaks of coal overseas are unfortunate, a leak of oil is disastrous. Transporting natural gas is also highly complicated since it has to be cooled down to liquified natural gas due to efficiency reasons.		* ''Safety in Transportation (Overseas):'' The transportation of coal is said to be safer and easier than the transportation of oil and natural gas. While leaks of coal overseas are unfortunate, a leak of oil is disastrous. Transporting natural gas is also highly complicated since it has to be cooled down to liquified natural gas due to efficiency reasons.

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	==== Threats ====		==== Threats ====
	* ''Public Mistrust of Coal Energy:'' Since the usage of coal comes with air pollution and emitting greenhouse gas, its usage is questioned by the public which hinders the further use of this source of energy.		* ''Public Mistrust of Coal Energy:'' Since the usage of coal comes with air pollution and emitting greenhouse gas, its usage is questioned by the public which hinders the further use of this source of energy.
	* ''Ambiguity in Laws and Regulations:'' Even though the use of coal as a source of energy is today clearly allowed in Thailand, different trends still lead to uncertainty regarding laws and regulations. Diverse sectors are responsible for coal usage which leads to unclear competencies. There is a lack of specific regulations that lower the trust ~~[[File:Advanced SWOT Application.PNG\|thumb\|right\|upright=1.5\|Figure 4: Full SWOT-Analysis <ref name=NMMT/>''.]]~~in long-term stable conditions for burning coal. Furthermore, global warming and the pollution of the environment are factors, which are questioning energy production with the usage of coal in the future.		* ''Ambiguity in Laws and Regulations:'' Even though the use of coal as a source of energy is today clearly allowed in Thailand, different trends still lead to uncertainty regarding laws and regulations. Diverse sectors are responsible for coal usage which leads to unclear competencies. There is a lack of specific regulations that lower the trust in long-term stable conditions for burning coal. Furthermore, global warming and the pollution of the environment are factors, which are questioning energy production with the usage of coal in the future.

	=== <u> Analysis of SWOT and Evaluation of needed actions </u> ===		=== <u> Analysis of SWOT and Evaluation of needed actions </u> ===
			[[File:Advanced SWOT Application.PNG\|thumb\|right\|upright=1.5\|Figure 4: Full SWOT-Analysis <ref name=NMMT/>'']]
	After assessing the 4 dimensions, they can be put into a matrix to examine interdependencies and necessary actions. Before doing this, it is helpful to rank the findings by their importance to the organization to prioritize the analysis. In our case, the founded points are already ranked.		After assessing the 4 dimensions, they can be put into a matrix to examine interdependencies and necessary actions. Before doing this, it is helpful to rank the findings by their importance to the organization to prioritize the analysis. In our case, the founded points are already ranked.

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	== Discussion and Limitations==		== Discussion and Limitations==

	A weakness of SWOT-Analysis is the direct link between the quality of the input or data and the results. When the data is insufficient, lacks in accuracy, or is not available, the output of the analysis will most likely have poor quality. <ref name=HBOIP/>		A weakness of SWOT-Analysis is the direct link between the quality of the input or data and the results. When the data is insufficient, lacks in accuracy, or is not available, the output of the analysis will most likely have poor quality.<ref name=HBOIP/>

	Terry Hill and Roy Westbrook surveyed different companies from 1993-1994 and how they use the SWOT-Analysis. There were diverse problems regarding the quality of the factors companies listed for the four dimensions:		Terry Hill and Roy Westbrook surveyed different companies from 1993-1994 and how they use the SWOT-Analysis. There were diverse problems regarding the quality of the factors companies listed for the four dimensions:
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	The SWOT-Analysis is often being executed without examining the interdependencies between these attributes as stated before. This makes the analysis easier, but the gained insights and information lack in depth. Terry Hill and Roy Westbrook therefore state: "The relevance and usefulness of any approach is in part related to the ability of those involved." <ref name=ITFAPR/>		The SWOT-Analysis is often being executed without examining the interdependencies between these attributes as stated before. This makes the analysis easier, but the gained insights and information lack in depth. Terry Hill and Roy Westbrook therefore state: "The relevance and usefulness of any approach is in part related to the ability of those involved."<ref name=ITFAPR/>

	In general, the SWOT-Analysis itself has the following limitations:		In general, the SWOT-Analysis itself has the following limitations:

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	<references />		<references />

	[[Category: SWOT]]		[[Category: SWOT]] [[Category: Project Management]]

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	The advantages of this simplified analysis are that each factor can be examined individually while still having a broad view on the matter. Additionally, this way of executing SWOT is faster and easier than the way the SWOT will be executed in the following chapters.<ref name=HBOIP/> On the other hand, the analysis is less deep and interdependencies and synergies are getting ignored.		The advantages of this simplified analysis are that each factor can be examined individually while still having a broad view on the matter. Additionally, this way of executing SWOT is faster and easier than the way the SWOT will be executed in the following chapters.<ref name=HBOIP/> On the other hand, the analysis is less deep and interdependencies and synergies are getting ignored.


	== Application: Full SWOT-Analysis on Coal Energy ==		== Application: Full SWOT-Analysis on Coal Energy ==
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	* Weaknesses/opportunities: A way of using the opportunity of increasing energy demand and repair the weakness of pollution is the implementation of state-of-the-art technology in every new coal power plant to reduce their emissions to a minimum level.		* Weaknesses/opportunities: A way of using the opportunity of increasing energy demand and repair the weakness of pollution is the implementation of state-of-the-art technology in every new coal power plant to reduce their emissions to a minimum level.
	* Weaknesses/threats: The big weakness of pollution is critical in combination with public mistrust and possibly stricter laws and regulations. This issue can be met by additionally improving the existing coal plants with filter technology to reduce the emissions. Another possibility is lobbying, with the goal of reducing the strictness of future regulations.		* Weaknesses/threats: The big weakness of pollution is critical in combination with public mistrust and possibly stricter laws and regulations. This issue can be met by additionally improving the existing coal plants with filter technology to reduce the emissions. Another possibility is lobbying, with the goal of reducing the strictness of future regulations.


	== Discussion and Limitations==		== Discussion and Limitations==

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	==== Threats ====		==== Threats ====
	* ''Public Mistrust of Coal Energy:'' Since the usage of coal comes with air pollution and emitting greenhouse gas, its usage is questioned by the public which hinders the further use of this source of energy.		* ''Public Mistrust of Coal Energy:'' Since the usage of coal comes with air pollution and emitting greenhouse gas, its usage is questioned by the public which hinders the further use of this source of energy.
	* ''Ambiguity in Laws and Regulations:'' Even though the use of coal as a source of energy is today clearly allowed in Thailand, different trends still lead to uncertainty regarding laws and regulations. Diverse sectors are responsible for coal usage which leads to unclear competencies. There is a lack of specific regulations that lower the trust [[File:Advanced SWOT Application.PNG\|thumb\|right\|upright=1.5\|~~Figure2~~: Full SWOT-Analysis <ref name=NMMT/>''.]]in long-term stable conditions for burning coal. Furthermore, global warming and the pollution of the environment are factors, which are questioning energy production with the usage of coal in the future.		* ''Ambiguity in Laws and Regulations:'' Even though the use of coal as a source of energy is today clearly allowed in Thailand, different trends still lead to uncertainty regarding laws and regulations. Diverse sectors are responsible for coal usage which leads to unclear competencies. There is a lack of specific regulations that lower the trust [[File:Advanced SWOT Application.PNG\|thumb\|right\|upright=1.5\|Figure 4: Full SWOT-Analysis <ref name=NMMT/>''.]]in long-term stable conditions for burning coal. Furthermore, global warming and the pollution of the environment are factors, which are questioning energy production with the usage of coal in the future.

	=== <u> Analysis of SWOT and Evaluation of needed actions </u> ===		=== <u> Analysis of SWOT and Evaluation of needed actions </u> ===

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	== Application: Full SWOT-Analysis on Coal Energy ==		== Application: Full SWOT-Analysis on Coal Energy ==

	A concrete example of a full SWOT-Analysis on the use of coal energy compared to other fossil fuels in Thailand based on the paper ''"Assessing Coal Use in Thailand: Current and Future Trends"'' <ref name=Coal>R. ~~Prurapark~~ and P. ~~Asavaritikrai~~. ''[[Assessing Coal Use in Thailand: Current and Future Trends]]'', 2020, Springer Nature Singapore Pte Ltd.</ref> shall be executed here. The content of the matter shall not be the middle of the attention, but rather the way a full SWOT-Analysis is performed. ~~Still~~, ~~a scenario where~~ this example ties to Project, Program and Portfolio Management, could be the decision, if a local electricity supplier in Thailand should strengthen his engagement in coal energy or drop it.		A concrete example of a full SWOT-Analysis on the use of coal energy compared to other fossil fuels in Thailand based on the paper ''"Assessing Coal Use in Thailand: Current and Future Trends"'' <ref name=Coal>Prurapark, R. and Asavaritikrai, P.. ''[[Assessing Coal Use in Thailand: Current and Future Trends]]'', 2020, Springer Nature Singapore Pte Ltd.</ref> shall be executed here. The content of the matter shall not be the middle of the attention, but rather the way a full SWOT-Analysis is performed. But still, this example ties to Project, Program and Portfolio Management.

			According to the ''PMI Talent Triangle'', project managers should have the following three competencies:

			# the competence of technical project management,
			# the competence of strategic and business management and
			# the competence of leadership.<ref name=PMI> Project Management Institue. ''[[The Standard for Program Management — Fourth Edition]]'', 2017, ProjectManagement Institue.</ref>

			A scenario, where the content of this SWOT could be relevant is the decision if a local electricity supplier in Thailand should strengthen his engagement in coal energy or drop it. Considering the Talent Triangle, we see that first, a good project, program or portfolio manager should be aware of the technical background of this decision and has the knowledge to compare coal with other sources of energy.
			Second, he has the expertise in the energy industry to realize which energy source will enhance the performance of his electricity supplier (strategic and business management).
			And third, by having this knowledge he motivates and dircets his team on the right path to achieve their goals.

	=== <u>Assessment of Strengths, Weaknesses, Opportunities and Strengths</u> ===		=== <u>Assessment of Strengths, Weaknesses, Opportunities and Strengths</u> ===
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	* ''Cost of Coal Transportation:'' Due to the amounts of coal needed for energy production and the fact, that coal can not be packed as tightly as oil or gas, the cost of coal transportation is high. This issue can be met by having short distances from the coal mines to the power plants, but since the distance of transferring energy should also be kept as short as possible, this requires the coal mines to be close to the cities, which is not always the term.		* ''Cost of Coal Transportation:'' Due to the amounts of coal needed for energy production and the fact, that coal can not be packed as tightly as oil or gas, the cost of coal transportation is high. This issue can be met by having short distances from the coal mines to the power plants, but since the distance of transferring energy should also be kept as short as possible, this requires the coal mines to be close to the cities, which is not always the term.
	==== Opportunities ====		==== Opportunities ====
	* ''Increasing Demand for Energy:'' According to Pinyo Meechumna, professor and specialist regarding coal and sustainable energy, the population and economy in Germany have reached a plateau and this leads to a state of electric saturation. This means that there will be little change of the centralized electricity production such as nuclear power, coal et cetera and decentral, renewable energy like solar plants are built. In contrast, growing countries such as Thailand are not electrically saturated and offer ~~therefore~~ the opportunity of rising demand for the usage of coal. The International Energy Agency estimates that despite the decreasing usage of coal in some modern states, the need for coal will grow by 3 % from 2020 until 2022, due to its low costs and high accessibility.		* ''Increasing Demand for Energy:'' According to Pinyo Meechumna, professor and specialist regarding coal and sustainable energy, the population and economy in Germany have reached a plateau and this leads to a state of electric saturation. This means that there will be little change of the centralized electricity production such as nuclear power, coal et cetera and decentral, renewable energy like solar plants are built. In contrast, growing countries such as Thailand are not electrically saturated and therefore offer the opportunity of rising demand for the usage of coal. The International Energy Agency estimates that despite the decreasing usage of coal in some modern states, the need for coal will grow by 3 % from 2020 until 2022, due to its low costs and high accessibility.

	==== Threats ====		==== Threats ====
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	* ''Ambiguity in Laws and Regulations:'' Even though the use of coal as a source of energy is today clearly allowed in Thailand, different trends still lead to uncertainty regarding laws and regulations. Diverse sectors are responsible for coal usage which leads to unclear competencies. There is a lack of specific regulations that lower the trust [[File:Advanced SWOT Application.PNG\|thumb\|right\|upright=1.5\|Figure2: Full SWOT-Analysis <ref name=NMMT/>''.]]in long-term stable conditions for burning coal. Furthermore, global warming and the pollution of the environment are factors, which are questioning energy production with the usage of coal in the future.		* ''Ambiguity in Laws and Regulations:'' Even though the use of coal as a source of energy is today clearly allowed in Thailand, different trends still lead to uncertainty regarding laws and regulations. Diverse sectors are responsible for coal usage which leads to unclear competencies. There is a lack of specific regulations that lower the trust [[File:Advanced SWOT Application.PNG\|thumb\|right\|upright=1.5\|Figure2: Full SWOT-Analysis <ref name=NMMT/>''.]]in long-term stable conditions for burning coal. Furthermore, global warming and the pollution of the environment are factors, which are questioning energy production with the usage of coal in the future.

	=== <u> ~~Analyze the~~ SWOT and ~~evaluate~~ needed actions </u> ===		=== <u> Analysis of SWOT and Evaluation of needed actions </u> ===

	After assessing the 4 dimensions, they can be put into a matrix to examine interdependencies and necessary actions. Before doing this, it is helpful to rank the findings by their importance of the organization to prioritize the analysis. In our case, the founded points are already ranked.		After assessing the 4 dimensions, they can be put into a matrix to examine interdependencies and necessary actions. Before doing this, it is helpful to rank the findings by their importance of the organization to prioritize the analysis. In our case, the founded points are already ranked.
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	* In many cases, the factors are not described precisely or were too universal enough to be useful, e.g. "performance" as a strength without further description. Even in later stages of the analysis, this issue was not fixed by defining the factors with more precision.		* In many cases, the factors are not described precisely or were too universal enough to be useful, e.g. "performance" as a strength without further description. Even in later stages of the analysis, this issue was not fixed by defining the factors with more precision.

	* In none of the surveyed cases, any proof for the strengths, weaknesses etc. ~~suggested by the employees~~ was provided, which inevitably leads to bad quality of the data and therefore of the analysis.		* In none of the surveyed cases, any proof for the suggestions for strengths, weaknesses etc. was provided, which inevitably leads to bad quality of the data and therefore of the analysis.

	* On average, companies found and used 10 factors for each of the SWOT dimensions, which is ~~way too much~~ if the SWOT is not only used as a listing but as an analysis tool with the method explained above.		* On average, companies found and used 10 factors for each of the SWOT dimensions, which is disproportionate if the SWOT is not only used as a listing but as an analysis tool with the method explained above.

	* When the same or similar factors were listed as a strength as well as a weakness, often no additional explanation was provided to understand this initiative contradiction.		* When the same or similar factors were listed as a strength as well as a weakness, often no additional explanation was provided to understand this initiative contradiction.
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	SWOT offers a clear and sufficient structure to systematically analyze a company's strategic position. By executing a full analysis, valuable insights and links between the dimensions are won. By using this structure, it is less likely to forget or oversee factors that are important for the company's success.		SWOT offers a clear and sufficient structure to systematically analyze a company's strategic position. By executing a full analysis, valuable insights and links between the dimensions are won. By using this structure, it is less likely to forget or oversee factors that are important for the company's success.

	But to achieve this, SWOT needs to be executed right. This requires trained employees that are familiar with the true aim of the analysis. The tool does not provide instructions on how to lift, verify and prioritize data and how to successfully implement the results. ~~This~~ makes the execution of the method~~, on the one hand,~~ more ~~difficult~~ than most people initially think~~, but on~~ the other hand ~~offers~~ this approach a solid foundation for the next steps in the Problem Solving Cycle.		But to achieve this, SWOT needs to be executed right. This requires trained employees that are familiar with the true aim of the analysis. The tool does not provide instructions on how to lift, verify and prioritize data and how to successfully implement the results. On the one hand, this makes the execution of the method more demanding than most people initially think. On the other hand, this approach offers a solid foundation for the next steps in the Problem Solving Cycle.

	== Annotated Bibliography ==		== Annotated Bibliography ==
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	'''Hill, Terry and Westbrook, Roy: Long Range Planning, Vol. 30 (1997), Elsevier Science Ltd.'''		'''Hill, Terry and Westbrook, Roy: Long Range Planning, Vol. 30 (1997), Elsevier Science Ltd.'''

	The chapter "SWOT Analysis: It's Time for a Product Recall" from the book "Long Range Planning" written by Terry Hill and Roy Westbrook is a classic regarding criticism of SWOT. The two professors of the London Business School surveyed the way 20 medium- to large-sized companies from various sectors like food, textiles or engineering applied the SWOT-Analysis from 1993-1994. They found that most organizations lack in know-how of how to do the analysis and that the way they deployed it was ineffective. Due to major issues with the execution and results within these companies, they came to the conclusion that SWOT should be relinquished and better and newer methods should be used.		The chapter ''"SWOT Analysis: It's Time for a Product Recall"'' from the book ''"Long Range Planning"'' written by Terry Hill and Roy Westbrook is a classic regarding criticism of SWOT. The two professors of the London Business School surveyed the way 20 medium- to large-sized companies from various sectors like food, textiles or engineering applied the SWOT-Analysis from 1993-1994. They found that most organizations lack in know-how of how to do the analysis and that the way they deployed it was ineffective. Due to major issues with the execution and results within these companies, they came to the conclusion that SWOT should be relinquished and better and newer methods should be used.


	'''Watkins, Ryan and Leigh, Doug: Handbook of Improving Performance in the Workplace: Selecting and Implementing Performance Interventions, Vol. 2 (2010), Pfeiffer'''		'''Watkins, Ryan and Leigh, Doug: Handbook of Improving Performance in the Workplace: Selecting and Implementing Performance Interventions, Vol. 2 (2010), Pfeiffer'''

	The "Handbook of Improving Performance in the Workplace" from Ryan Watkins and Leigh Doug gives a broad view on how to improve human and organizational performance. On pp. 115-140, SWOT-Analysis is explained deeply and the distinction between the partial or "conventional" SWOT and the full SWOT is being introduced. The structure of executing SWOT in six steps is shown and explained in detail. Since it covers all relevant aspects of how the method should be executed, it is used as the core source for explaining it in this article.		The ''"Handbook of Improving Performance in the Workplace"'' from Ryan Watkins and Leigh Doug gives a broad view on how to improve human and organizational performance. On pp. 115-140, SWOT-Analysis is explained deeply and the distinction between the partial or "conventional" SWOT and the full SWOT is being introduced. The structure of executing SWOT in six steps is shown and explained in detail. Since it covers all relevant aspects of how the method should be executed, it is used as the core source for explaining the method in this article.


			'''R. Prurapark and P. Asavaritikrai: Assessing Coal Use in Thailand: Current and Future Trends (2020), Springer Nature Singapore Pte Ltd.'''

			As the title suggests, Prurapark et al. assessed coal use in Thailand in their book. As a part of this, they executed a partial SWOT in which they tend to be more pro-coal. One strength, namely "Clean Technology", has been disregarded since it is illogical and inconsistent to count this regard as a strength of coal energy while pollution is the main and most important weakness. Besides that, the chapter offers a deep view on a relevant topic for energy suppliers in that region, which were the reasons why this example has been chosen. The other strengths, weaknesses, opportunities and threats that were identified in the partial SWOT have been used as the foundation for the full SWOT-Analysis.


			'''Rainer Zuest and Peter Troxler: No More Muddling Through (2006), Springer'''

			''No More Muddling Through - Mastering Complex projects in Engineering and Management'' by Rainer Zuest and Peter Troxler is a highly regarded book on the principles of system engineering and project management. In this article, it has been used to give a theoretical background and embed SWOT in the Problem Solving Cycle.

	== References ==		== References ==

← Older revision		Revision as of 18:18, 28 February 2021
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	''Developed by Henning Duwe''		''Developed by Henning Duwe''

	SWOT is a commonly used method that helps to systematically analyze a company's strategic position <ref name=ITFAPR>Hill, Terry and Westbrook, Roy. ''[[Long Range Planning Vol. 30]]'', 1997, Elsevier Science Ltd, pp. 46–52.</ref> by dividing it into the four categories “Strengths”, “Weaknesses”, “Opportunities” and “Threats” to examine their influence and how these attributes interact with each other. The goal is to get an objective and unbiased view of the organization (internal view) and the environment (external view).<ref name=HBOIP>Watkins, Ryan and Leigh, Doug. ''[[Handbook of Improving Performance in the Workplace: Selecting and Implementing Performance Interventions, Vol. 2]]'', 2010, Pfeiffer, pp. 115–140.</ref> It can be described as a planning technique for Situation<ref name=NMMT>Zuest, Rainer and Troxler, Peter. ''[[No More Muddling Through]]'', 2006, Springer, pp. 35-39.</ref> or Data Analysis<ref name=PMBOK>Project Management Institute. ''[[Guide to the Project Management Body of Knowledge]]'', 2017, Project Management Institute, p. 415.</ref>or as a tool for “identifying, relating, and making performance improvement decisions within context.”<ref name=HBOIP/> The results can then be used as a foundation to formulate goals and to search for solutions.<ref name=NMMT/>		SWOT is a commonly used method that helps to systematically analyze a company's strategic position <ref name=ITFAPR>Hill, Terry and Westbrook, Roy: ''[[Long Range Planning Vol. 30]]'', 1997, Elsevier Science Ltd, pp. 46–52.</ref> by dividing it into the four categories “Strengths”, “Weaknesses”, “Opportunities” and “Threats” to examine their influence and how these attributes interact with each other. The goal is to get an objective and unbiased view of the organization (internal view) and the environment (external view).<ref name=HBOIP>Watkins, Ryan and Leigh, Doug: ''[[Handbook of Improving Performance in the Workplace: Selecting and Implementing Performance Interventions, Vol. 2]]'', 2010, Pfeiffer, pp. 115–140.</ref> It can be described as a planning technique for Situation<ref name=NMMT>Zuest, Rainer and Troxler, Peter: ''[[No More Muddling Through]]'', 2006, Springer, pp. 35-39.</ref> or Data Analysis<ref name=PMBOK>Project Management Institute: ''[[Guide to the Project Management Body of Knowledge]]'', 2017, Project Management Institute, p. 415.</ref>or as a tool for “identifying, relating, and making performance improvement decisions within context.”<ref name=HBOIP/> The results can then be used as a foundation to formulate goals and to search for solutions.<ref name=NMMT/>

	SWOT is used on many occasions. Three situations, in which the method is particularly applicable are shown below:		SWOT is used on many occasions. Three situations, in which the method is particularly applicable are shown below:
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	[[File:Advanced SWOT.PNG\|thumb\|right\|upright=1.5\|Figure 2: Full SWOT-Analysis <ref name=NMMT/>'']]		[[File:Advanced SWOT.PNG\|thumb\|right\|upright=1.5\|Figure 2: Full SWOT-Analysis <ref name=NMMT/>'']]
	SWOT can be executed in different ways, but they all share the view on internal and external enhancers and inhibitors of organizational performance.<ref name=ITFAPR/> At the beginning of the analysis, strengths and weaknesses of the specific organization, project or the whole business area are identified. The next step is detecting which opportunities and which threats result from this.<ref name=PMBOK/> By doing so, it is important to focus on the key issues and not make the lists too long. Generally, around 6-8 issues for the internal view (strengths and weaknesses) and 6-8 issues for the external view (opportunities and threats) are sufficient.		SWOT can be executed in different ways, but they all share the view on internal and external enhancers and inhibitors of organizational performance.<ref name=ITFAPR/> At the beginning of the analysis, strengths and weaknesses of the specific organization, project or the whole business area are identified. The next step is detecting which opportunities and which threats result from this.<ref name=PMBOK/> By doing so, it is important to focus on the key issues and not make the lists too long. Generally, around 6-8 issues for the internal view (strengths and weaknesses) and 6-8 issues for the external view (opportunities and threats) are sufficient.
	Claire Capon, Professor of the Staffordshire University; defines the four dimensions of the analysis as follows:<ref name=UOC>Capon, Claire. ''[[Understanding Organisational Context]]'', 2000, Prentice Hall, pp. 393-401.</ref>		Claire Capon, Professor of the Staffordshire University; defines the four dimensions of the analysis as follows:<ref name=UOC>Capon, Claire: ''[[Understanding Organisational Context]]'', 2000, Prentice Hall, pp. 393-401.</ref>

	* Strength: an internal enhancer of competence, a valuable resource, or attribute		* Strength: an internal enhancer of competence, a valuable resource, or attribute
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	== Application: Full SWOT-Analysis on Coal Energy ==		== Application: Full SWOT-Analysis on Coal Energy ==

	A concrete example of a full SWOT-Analysis on the use of coal energy compared to other fossil fuels in Thailand based on the paper ''"Assessing Coal Use in Thailand: Current and Future Trends"''<ref name=Coal>Prurapark, R. and Asavaritikrai, P.. ''[[Assessing Coal Use in Thailand: Current and Future Trends]]'', 2020, Springer Nature Singapore Pte Ltd., pp. 83–92.</ref> will be executed here. The content of the matter shall not be the middle of the attention, but rather the way a full SWOT-Analysis is performed. Still, this example ties to Project, Program and Portfolio Management:		A concrete example of a full SWOT-Analysis on the use of coal energy compared to other fossil fuels in Thailand based on the paper ''"Assessing Coal Use in Thailand: Current and Future Trends"''<ref name=Coal>Prurapark, R. and Asavaritikrai, P.: ''[[Assessing Coal Use in Thailand: Current and Future Trends]]'', 2020, Springer Nature Singapore Pte Ltd., pp. 83–92.</ref> will be executed here. The content of the matter shall not be the middle of the attention, but rather the way a full SWOT-Analysis is performed. Still, this example ties to Project, Program and Portfolio Management:

	According to the ''PMI Talent Triangle'', project managers should have the following three competencies:<ref name=PMI> Project Management Institue. ''[[The Standard for Program Management — Fourth Edition]]'', 2017, Project Management Institute, pp. 56-57.</ref>		According to the ''PMI Talent Triangle'', project managers should have the following three competencies:<ref name=PMI> Project Management Institue: ''[[The Standard for Program Management — Fourth Edition]]'', 2017, Project Management Institute, pp. 56-57.</ref>

	# The competence of technical project management,		# The competence of technical project management,
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	==== Strengths ====		==== Strengths ====
	* ''Overall Costs:'' Coal is a comparably cheap source for electricity production. The high availability and accessibility are reasons for this. In distinction to oil or natural gas, it does not need pipelines as an infrastructure. The prices are not fluctuating as in the oil business. According to Prurapark et al., the costs of coal are low compared to nuclear power and solar power in that region.		* ''Overall Costs:'' Coal is a comparably cheap source for electricity production. The high availability and accessibility are reasons for this. In distinction to oil or natural gas, it does not need pipelines as an infrastructure. The prices are not fluctuating as in the oil business. According to Prurapark et al., the costs of coal are low compared to nuclear power and solar power in that region.
	* ''Availability:'' Compared to other fossil fuels like natural gas and oil, there are significantly higher reservoirs of coal in Thailand. The reserve to production ratio (R/P ratio), which "represents the number of years that current reserves would last if their rate of use did not change"<ref name=R/P> ''[[Energy Systems and Sustainability: Power for a Sustainable Future, 2nd Ed.]]'', 2012, Oxford University Press, p. 114.</ref> is significantly higher than those of its competitors. With the current usage, coal has a R/P ratio of 63 years, while the R/P ratio of natural gas and oil is 5 and 2 years.		* ''Availability:'' Compared to other fossil fuels like natural gas and oil, there are significantly higher reservoirs of coal in Thailand. The reserve to production ratio (R/P ratio), which "represents the number of years that current reserves would last if their rate of use did not change"<ref name=R/P> Oxford University Press: ''[[Energy Systems and Sustainability: Power for a Sustainable Future, 2nd Ed.]]'', 2012, Oxford University Press, p. 114.</ref> is significantly higher than those of its competitors. With the current usage, coal has a R/P ratio of 63 years, while the R/P ratio of natural gas and oil is 5 and 2 years.
	* ''Safety in Transportation (Overseas):'' The transportation of coal is said to be safer and easier than the transportation of oil and natural gas. While leaks of coal overseas are unfortunate, a leak of oil is disastrous. Transporting natural gas is also highly complicated since it has to be cooled down to liquified natural gas due to efficiency reasons.		* ''Safety in Transportation (Overseas):'' The transportation of coal is said to be safer and easier than the transportation of oil and natural gas. While leaks of coal overseas are unfortunate, a leak of oil is disastrous. Transporting natural gas is also highly complicated since it has to be cooled down to liquified natural gas due to efficiency reasons.

← Older revision		Revision as of 17:46, 28 February 2021
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	''Developed by Henning Duwe''		''Developed by Henning Duwe''

	SWOT is a commonly used method that helps to systematically analyze a company's strategic position <ref name=ITFAPR>Hill, Terry and Westbrook, Roy. ''[[Long Range Planning Vol. 30]]'', 1997, Elsevier Science Ltd, pp. 46–52.</ref> by dividing it into the four categories “Strengths”, “Weaknesses”, “Opportunities” and “Threats” to examine their influence and how these attributes interact with each other. The goal is to get an objective and unbiased view of the organization (internal view) and the environment (external view) <ref name=HBOIP>Watkins, Ryan and Leigh, Doug. ''[[Handbook of Improving Performance in the Workplace: Selecting and Implementing Performance Interventions, Vol. 2]]'', 2010, Pfeiffer, pp. 115–140.</ref>. It can be described as a planning technique for Situation <ref name=NMMT>Zuest, Rainer and Troxler, Peter. ''[[No More Muddling Through]]'', 2006, Springer, pp. 35-39.</ref> or Data Analysis <ref name=PMBOK>Project Management Institute. ''[[Guide to the Project Management Body of Knowledge]]'', 2017, Project Management Institute, p. 415.</ref>or as a tool for “identifying, relating, and making performance improvement decisions within context.”<ref name=HBOIP/> The results can then be used as a foundation to formulate goals and to search for solutions.<ref name=NMMT/>		SWOT is a commonly used method that helps to systematically analyze a company's strategic position <ref name=ITFAPR>Hill, Terry and Westbrook, Roy. ''[[Long Range Planning Vol. 30]]'', 1997, Elsevier Science Ltd, pp. 46–52.</ref> by dividing it into the four categories “Strengths”, “Weaknesses”, “Opportunities” and “Threats” to examine their influence and how these attributes interact with each other. The goal is to get an objective and unbiased view of the organization (internal view) and the environment (external view). <ref name=HBOIP>Watkins, Ryan and Leigh, Doug. ''[[Handbook of Improving Performance in the Workplace: Selecting and Implementing Performance Interventions, Vol. 2]]'', 2010, Pfeiffer, pp. 115–140.</ref> It can be described as a planning technique for Situation <ref name=NMMT>Zuest, Rainer and Troxler, Peter. ''[[No More Muddling Through]]'', 2006, Springer, pp. 35-39.</ref> or Data Analysis <ref name=PMBOK>Project Management Institute. ''[[Guide to the Project Management Body of Knowledge]]'', 2017, Project Management Institute, p. 415.</ref>or as a tool for “identifying, relating, and making performance improvement decisions within context.”<ref name=HBOIP/> The results can then be used as a foundation to formulate goals and to search for solutions.<ref name=NMMT/>

	SWOT is used on many occasions. Three situations, in which the method is particularly applicable are shown below:		SWOT is used on many occasions. Three situations, in which the method is particularly applicable are shown below:
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	== Description of the Tool ==		== Description of the Tool ==
	[[File:PSC.png\|thumb\|right\|upright=1\|Figure 1: Own Illustration of the Problem-Solving Cycle as a recursive procedure <ref name=NMMT/>''.]]		[[File:PSC.png\|thumb\|right\|upright=1\|Figure 1: Own Illustration of the Problem-Solving Cycle as a recursive procedure <ref name=NMMT/>'']]
	=== The Role of SWOT in Project, Program and Portfolio Management ===		=== The Role of SWOT in Project, Program and Portfolio Management ===

	Due to its basal approach to analyze a problem, SWOT can be used in various applications. In terms of Project, Program and Portfolio Management it is commonly used in the planning process to analyze the future situation of the Project, Program or Portfolio with its strengths, weaknesses, opportunities and threats. Being a method for situation analysis, it is used as the first step of the Problem Solving Cycle (PSC).<ref name=NMMT/>		Due to its basal approach to analyze a problem, SWOT can be used in various applications. In terms of Project, Program and Portfolio Management it is commonly used in the planning process to analyze the future situation of the Project, Program or Portfolio with its strengths, weaknesses, opportunities and threats. Being a method for situation analysis, it is used as the first step of the Problem Solving Cycle (PSC).<ref name=NMMT/>

	The PSC is a procedure that aims to solve problems and create the best possible solution. According to Rainer Züst and Peter Troxler, it can be divided into three major and six minor steps (see Figure 1). These steps are not definite. In fact, the later steps can have effects on the earlier steps and reassessments may be necessary.<ref name=NMMT/>		The PSC is a procedure that aims to solve problems and create the best possible solution. According to Rainer Züst and Peter Troxler, it can be divided into three major and six minor steps (see Figure 1). These steps are not definite. In fact, the later steps can have effects on the earlier steps and reassessments may be necessary:<ref name=NMMT/>

	# The search for goals, consisting of the situation analysis and the goal definition,		# The search for goals, consisting of the situation analysis and the goal definition,
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	# the selection, consisting of the evaluation and decision.		# the selection, consisting of the evaluation and decision.

	A core question during the situation analysis is ''"What do we want to achieve?"''<ref name=NMMT/> To successfully aim at the desired future state, it is necessary to take all uncertainties into account. SWOT helps project, program and portfolio managers to systematically consider these uncertainties and to anticipate changes in the environment ~~surrounding~~ the project, program or portfolio.<ref name=NMMT/> By executing a SWOT-Analysis, a better prediction of external factors and future developments is possible and great knowledge of internal factors and the situation is gained. This makes it a powerful tool for the first step in the Problem Solving Cycle.		A core question during the situation analysis is ''"What do we want to achieve?"''<ref name=NMMT/> To successfully aim at the desired future state, it is necessary to take all uncertainties into account. SWOT helps project, program and portfolio managers to systematically consider these uncertainties and to anticipate changes in the environment of the project, program or portfolio.<ref name=NMMT/> By executing a SWOT-Analysis, a better prediction of external factors and future developments is possible and great knowledge of internal factors and the situation is gained. This makes it a powerful tool for the first step in the Problem Solving Cycle.
	----		----

	=== Full SWOT-Analysis ===		=== Full SWOT-Analysis ===
	[[File:Advanced SWOT.PNG\|thumb\|right\|upright=1.5\|Figure 2: Full SWOT-Analysis <ref name=NMMT/>''.]]		[[File:Advanced SWOT.PNG\|thumb\|right\|upright=1.5\|Figure 2: Full SWOT-Analysis <ref name=NMMT/>'']]
	SWOT can be executed in different ways, but they all share the view on internal and external enhancers and inhibitors of organizational performance.<ref name=ITFAPR/> At the beginning of the analysis, strengths and weaknesses of the specific organization, project or the whole business area are identified. The next step is detecting which opportunities and which threats result from this.<ref name=PMBOK/> By doing so, it is important to focus on the key issues and not make the lists too long. Generally, around 6-8 issues for the internal view (strengths and weaknesses) and 6-8 issues for the external view (opportunities and threats) are sufficient.		SWOT can be executed in different ways, but they all share the view on internal and external enhancers and inhibitors of organizational performance.<ref name=ITFAPR/> At the beginning of the analysis, strengths and weaknesses of the specific organization, project or the whole business area are identified. The next step is detecting which opportunities and which threats result from this.<ref name=PMBOK/> By doing so, it is important to focus on the key issues and not make the lists too long. Generally, around 6-8 issues for the internal view (strengths and weaknesses) and 6-8 issues for the external view (opportunities and threats) are sufficient.
	Claire Capon, Professor of the Staffordshire University; defines the four dimensions of the analysis as follows:<ref name=UOC>Capon, Claire. ''[[Understanding Organisational Context]]'', 2000, Prentice Hall, pp. 393-401.</ref>		Claire Capon, Professor of the Staffordshire University; defines the four dimensions of the analysis as follows:<ref name=UOC>Capon, Claire. ''[[Understanding Organisational Context]]'', 2000, Prentice Hall, pp. 393-401.</ref>