Strategic planning is an important part of any company. Often, businesses need to ponder whether they should build the software or take on the project at all. Your manager asks you to prepare to discuss the first steps toward replacing the case management system.
Research and discuss the purpose and details, including the benefits and drawbacks, of the following strategic planning tools:
SWOT analysis.
Feasibility studies.
When considering replacing a case management system, strategic planning tools can provide valuable insights to guide decision-making. Two essential tools are SWOT analysis and feasibility studies.
SWOT analysis is a strategic planning technique that examines a company’s Strengths, Weaknesses, Opportunities, and Threats. By evaluating these factors, businesses can identify internal capabilities and external factors that may influence their decision to replace the system.
Benefits of SWOT Analysis:
A feasibility study is a detailed analysis of a proposed project to determine its viability and potential success. It assesses various factors, including technical, economic, legal, and operational feasibility.
Benefits of Feasibility Studies:
Key areas to consider in a feasibility study for software replacement:
By combining SWOT analysis and feasibility studies, businesses can make informed decisions about whether to replace their case management system and develop a strategic plan for implementation.