Back in the early 1990’s, before I joined the construction industry, I was in college taking business classes. I remember learning how to assess a business by using something called SWOT. The SWOT acronym stands for strength, weaknesses, opportunities, and threats. I’ve been developing this idea for assessing existing homes that are looking to undergo renovations. I’ve found that working through a construction project using this theory can help in the development of the plan, the process includes pre-construction data gathering and developing and accessing a scope of work. As far as I know, this is the first discussion of SWOT being used for analysis in the construction industry.
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