The application of SWOT model to compile appropriate strategies for projects risk management in: Fooladtechnic International Company

Azadeh Eshaghi; Safoura Mousavi; Amir Eshaghi

doi:doi:10.11648/j.sjbm.s.2015030102.13

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The application of SWOT model to compile appropriate strategies for projects risk management in: Fooladtechnic International Company

Azadeh Eshaghi, Safoura Mousavi, Amir Eshaghi

Published in Science Journal of Business and Management (Volume 3, Issue 1-2)

Received: 11 September 2014 Accepted: 19 January 2015 Published: 27 August 2015

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Abstract

In the present modern world almost all the industrial and developmental activities are defined in the framework of large and small projects and executed by relative organizations. These projects, due to their unique and complex nature, as well as instability and constant changes in underlying conditions, are inevitably confronted with some challenges and opportunities. These challenges and opportunities, so called Risks, should be managed in order to achieve successfully project purposes. Therefore, the effective execution of risk management in various organizations requires selecting the appropriate risk strategy for the project during the life cycle of the project management. Because the absence of an appropriate strategy in this case results in project failure to achieve predetermined purposes. The aim of doing the present study is to utilize the SWOT model for compiling the appropriate project risk strategy such that by the definition of related strategies to 17 different areas of the project management, in accordance to the cpm3 model, be able to recognize the strength, weakness, opportunity and threat related to each of these functional fields. Furthermore, in order to highlight the usefulness of the model for project’s managers and experts we implement the model to the Arfa Steel project of Fooladtechnic International Company.

Published in	Science Journal of Business and Management (Volume 3, Issue 1-2) This article belongs to the Special Issue Business Analytics and Management
DOI	10.11648/j.sjbm.s.2015030102.13
Page(s)	26-34
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Strategic Management, SWOT Model, Risk Management

References

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Azadeh Eshaghi, Safoura Mousavi, Amir Eshaghi. (2015). The application of SWOT model to compile appropriate strategies for projects risk management in: Fooladtechnic International Company. Science Journal of Business and Management, 3(1-2), 26-34. https://doi.org/10.11648/j.sjbm.s.2015030102.13

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ACS Style

Azadeh Eshaghi; Safoura Mousavi; Amir Eshaghi. The application of SWOT model to compile appropriate strategies for projects risk management in: Fooladtechnic International Company. Sci. J. Bus. Manag. 2015, 3(1-2), 26-34. doi: 10.11648/j.sjbm.s.2015030102.13

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AMA Style

Azadeh Eshaghi, Safoura Mousavi, Amir Eshaghi. The application of SWOT model to compile appropriate strategies for projects risk management in: Fooladtechnic International Company. Sci J Bus Manag. 2015;3(1-2):26-34. doi: 10.11648/j.sjbm.s.2015030102.13

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@article{10.11648/j.sjbm.s.2015030102.13,
  author = {Azadeh Eshaghi and Safoura Mousavi and Amir Eshaghi},
  title = {The application of SWOT model to compile appropriate strategies for projects risk management in: Fooladtechnic International Company},
  journal = {Science Journal of Business and Management},
  volume = {3},
  number = {1-2},
  pages = {26-34},
  doi = {10.11648/j.sjbm.s.2015030102.13},
  url = {https://doi.org/10.11648/j.sjbm.s.2015030102.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.s.2015030102.13},
  abstract = {In the present modern world almost all the industrial and developmental activities are defined in the framework of large and small projects and executed by relative organizations. These projects, due to their unique and complex nature, as well as instability and constant changes in underlying conditions, are inevitably confronted with some challenges and opportunities. These challenges and opportunities, so called Risks, should be managed in order to achieve successfully project purposes. Therefore, the effective execution of risk management in various organizations requires selecting the appropriate risk strategy for the project during the life cycle of the project management. Because the absence of an appropriate strategy in this case results in project failure to achieve predetermined purposes. The aim of doing the present study is to utilize the SWOT model for compiling the appropriate project risk strategy such that by the definition of related strategies to 17 different areas of the project management, in accordance to the cpm3 model, be able to recognize the strength, weakness, opportunity and threat related to each of these functional fields. Furthermore, in order to highlight the usefulness of the model for project’s managers and experts we implement the model to the Arfa Steel project of Fooladtechnic International Company.},
 year = {2015}
}

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TY  - JOUR
T1  - The application of SWOT model to compile appropriate strategies for projects risk management in: Fooladtechnic International Company
AU  - Azadeh Eshaghi
AU  - Safoura Mousavi
AU  - Amir Eshaghi
Y1  - 2015/08/27
PY  - 2015
N1  - https://doi.org/10.11648/j.sjbm.s.2015030102.13
DO  - 10.11648/j.sjbm.s.2015030102.13
T2  - Science Journal of Business and Management
JF  - Science Journal of Business and Management
JO  - Science Journal of Business and Management
SP  - 26
EP  - 34
PB  - Science Publishing Group
SN  - 2331-0634
UR  - https://doi.org/10.11648/j.sjbm.s.2015030102.13
AB  - In the present modern world almost all the industrial and developmental activities are defined in the framework of large and small projects and executed by relative organizations. These projects, due to their unique and complex nature, as well as instability and constant changes in underlying conditions, are inevitably confronted with some challenges and opportunities. These challenges and opportunities, so called Risks, should be managed in order to achieve successfully project purposes. Therefore, the effective execution of risk management in various organizations requires selecting the appropriate risk strategy for the project during the life cycle of the project management. Because the absence of an appropriate strategy in this case results in project failure to achieve predetermined purposes. The aim of doing the present study is to utilize the SWOT model for compiling the appropriate project risk strategy such that by the definition of related strategies to 17 different areas of the project management, in accordance to the cpm3 model, be able to recognize the strength, weakness, opportunity and threat related to each of these functional fields. Furthermore, in order to highlight the usefulness of the model for project’s managers and experts we implement the model to the Arfa Steel project of Fooladtechnic International Company.
VL  - 3
IS  - 1-2
ER  -

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Author Information

Azadeh Eshaghi

Master of Industrial Engineering, Najaf-Abad Branch Islamic Azad University, Esfahan, Esfahan, Iran
Safoura Mousavi

Master of Industrial Engineering, Arak Branch Islamic Azad University, Esfahan, Esfahan, Iran
Amir Eshaghi

Master of Industrial Engineering, Najaf-Abad Branch Islamic Azad University, Esfahan, Esfahan, Iran

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APA Style

Azadeh Eshaghi, Safoura Mousavi, Amir Eshaghi. (2015). The application of SWOT model to compile appropriate strategies for projects risk management in: Fooladtechnic International Company. Science Journal of Business and Management, 3(1-2), 26-34. https://doi.org/10.11648/j.sjbm.s.2015030102.13

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ACS Style

Azadeh Eshaghi; Safoura Mousavi; Amir Eshaghi. The application of SWOT model to compile appropriate strategies for projects risk management in: Fooladtechnic International Company. Sci. J. Bus. Manag. 2015, 3(1-2), 26-34. doi: 10.11648/j.sjbm.s.2015030102.13

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AMA Style

Azadeh Eshaghi, Safoura Mousavi, Amir Eshaghi. The application of SWOT model to compile appropriate strategies for projects risk management in: Fooladtechnic International Company. Sci J Bus Manag. 2015;3(1-2):26-34. doi: 10.11648/j.sjbm.s.2015030102.13

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@article{10.11648/j.sjbm.s.2015030102.13,
  author = {Azadeh Eshaghi and Safoura Mousavi and Amir Eshaghi},
  title = {The application of SWOT model to compile appropriate strategies for projects risk management in: Fooladtechnic International Company},
  journal = {Science Journal of Business and Management},
  volume = {3},
  number = {1-2},
  pages = {26-34},
  doi = {10.11648/j.sjbm.s.2015030102.13},
  url = {https://doi.org/10.11648/j.sjbm.s.2015030102.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.s.2015030102.13},
  abstract = {In the present modern world almost all the industrial and developmental activities are defined in the framework of large and small projects and executed by relative organizations. These projects, due to their unique and complex nature, as well as instability and constant changes in underlying conditions, are inevitably confronted with some challenges and opportunities. These challenges and opportunities, so called Risks, should be managed in order to achieve successfully project purposes. Therefore, the effective execution of risk management in various organizations requires selecting the appropriate risk strategy for the project during the life cycle of the project management. Because the absence of an appropriate strategy in this case results in project failure to achieve predetermined purposes. The aim of doing the present study is to utilize the SWOT model for compiling the appropriate project risk strategy such that by the definition of related strategies to 17 different areas of the project management, in accordance to the cpm3 model, be able to recognize the strength, weakness, opportunity and threat related to each of these functional fields. Furthermore, in order to highlight the usefulness of the model for project’s managers and experts we implement the model to the Arfa Steel project of Fooladtechnic International Company.},
 year = {2015}
}

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TY  - JOUR
T1  - The application of SWOT model to compile appropriate strategies for projects risk management in: Fooladtechnic International Company
AU  - Azadeh Eshaghi
AU  - Safoura Mousavi
AU  - Amir Eshaghi
Y1  - 2015/08/27
PY  - 2015
N1  - https://doi.org/10.11648/j.sjbm.s.2015030102.13
DO  - 10.11648/j.sjbm.s.2015030102.13
T2  - Science Journal of Business and Management
JF  - Science Journal of Business and Management
JO  - Science Journal of Business and Management
SP  - 26
EP  - 34
PB  - Science Publishing Group
SN  - 2331-0634
UR  - https://doi.org/10.11648/j.sjbm.s.2015030102.13
AB  - In the present modern world almost all the industrial and developmental activities are defined in the framework of large and small projects and executed by relative organizations. These projects, due to their unique and complex nature, as well as instability and constant changes in underlying conditions, are inevitably confronted with some challenges and opportunities. These challenges and opportunities, so called Risks, should be managed in order to achieve successfully project purposes. Therefore, the effective execution of risk management in various organizations requires selecting the appropriate risk strategy for the project during the life cycle of the project management. Because the absence of an appropriate strategy in this case results in project failure to achieve predetermined purposes. The aim of doing the present study is to utilize the SWOT model for compiling the appropriate project risk strategy such that by the definition of related strategies to 17 different areas of the project management, in accordance to the cpm3 model, be able to recognize the strength, weakness, opportunity and threat related to each of these functional fields. Furthermore, in order to highlight the usefulness of the model for project’s managers and experts we implement the model to the Arfa Steel project of Fooladtechnic International Company.
VL  - 3
IS  - 1-2
ER  -

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