American Society of Civil Engineers


Practical Application of SWOT Analysis in the Management of a Construction Project


by Igor N Milosevic

Leadership and Management in Engineering, Vol. 10, No. 2, April 2010, pp. 78-86, (doi:  http://dx.doi.org/10.1061/(ASCE)LM.1943-5630.0000041)

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Document type: Feature Article
Abstract: This analysis shows strengths, weaknesses, opportunities, and threats (SWOT) from both the investor’s and the contractor’s point of view in the planning, contracting, and construction phases of a project. With the current market economy, and when private interests provide significant financing, construction within time and budget limits is very important. To identify potential risks for both the investor and the contractor, it is desirable to conduct a SWOT analysis. A decision maker must then decide which risks are worthwhile in order to realize the expected investment benefits.


ASCE Subject Headings:
Risk management
Construction management
Project management
Contractors
Investments

Author Keywords:
SWOT
Risk management
Construction project management
Strengths
Weaknesses
Opportunities
Threats