Study the Current Situation

Also known as, situational analysis, situation analysis is the process of identifying and evaluating all relevant factors connected with a particular situation. This type of approach may take place as a means of uncovering something that is not working right within a project or production process, or as a way of projecting the potential outcome of an action, given the circumstances that prevail now.

When used effectively, the process of situation analysis can minimize financial losses, boost marketing efforts, and generally make it possible to achieve and even exceed the expectations for a project. It should increase an organization’s production and performance, resulting in higher-quality products at a lower total cost. It also measures the amount of time, money and resources needed to fulfill an organization’s potential and reach the desired state.