SWOT analysis is a structured planning method that evaluates the strengths, weaknesses, opportunities, and threats involved in a business venture or project. It uses internal and external environmental data to organize factors that are helpful or harmful to achieving objectives. SWOT analysis is used for strategic planning, decision making, product evaluation, and personal development planning. It involves identifying internal strengths and weaknesses as well as external opportunities and threats, and is conducted through brainstorming sessions by key stakeholders.