Threat and Opportunities Matrix (TOM)
Originally published: 26/08/2020 15:41
Publication number: ELQ-36881-1
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Threat and Opportunities Matrix (TOM)

Simple and powerful tool used as an enhancer of strategic thinking to accelerate changes in your organization.

Description
Threats and Opportunities Matrix (TOM) not to confuse with another TOM which is “Target Operating Model”, is a shortened version of Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis. Specifically, TOM frames threats and opportunities to the organization in short- and long-term view.

With this framework, Stakeholders can brainstorm and as a result take advantage of “Opportunities” and safeguard their organization against “Threats”. Though you can’t change the external threats for example COVID in recent times, Competitors, Price of raw material, Oil-prices, Customer behavior, Trends etc.

TOM is a tool to help understand the set of reasons why any project is important in any organization. It helps in Listing the “consequences” if the problem is not fixed and “benefits” of making the change pro-actively.

A simple modus operandi to work on TOM would be: -

• Identify the stakeholders who doesn’t understand the need of the project.
Make them understand clearly the “WHY” of the project
• Motivate people when continuously working on TOM. Normally People are
motivated by threats and opportunities and if they become part of the
process, if they are heard and appreciated
• Brainstorm threats and opportunities of the project. Very critical step as it
would set the pace of the project
• Review list, clarify, add details, monitor and act as required
• Identify which points are most compelling
• Ensure all points are “low altitude”.

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Further information

The concept with the Threat vs. Opportunity Matrix is to put yourself in the shoes of the stakeholders. They might be impacted by various projects, s running across organization. It becomes extremely important to understand and absorb their perspective. You can frame the need for change as a short-term threat which gets attention and creates urgency.

Project Management
Stakeholder Management
Continuous Improvement
Change Management
Any Sigma Project
Lean Project

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  • Salah Abdou(last updated: 18/02/2021 14:21)
  • Sathish Narayanan(last updated: 11/12/2020 11:28)

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