Our current status is founded on the past, therefore, to have a clear understanding of the moment, it is necessary to revisit what happen in the past. Moreover, the appropriate adoption of strategies in any organization and system leads to understanding its current situation. Nowadays, management has becomes professional, dynamic and tasking in all sectors. If the managers want to adopt appropriate strategies and objectives to achieve future goals, they must take action through a strategic planning. At the beginning of any plan, before the organization determines its future efforts, its current situation should be clarified. Therefore, a deep and accurate awareness and understanding of the current situation is essential. The strengths, weaknesses, opportunities and threats (SWOT) features are the areas which explicate the current situation of the organization. This paper first introduces the SWOT feathers as well as the strengths, weaknesses, opportunities and threats. Then, the SWOT feathers, which affects the implementation of the Industrial Building System (IBS) in Malaysia, is addressed throughout the past researches and interviews with experts. In the next step, identified factors will be ranked and prioritized by applying the average ranking method. The classified factors in this study can be used in future studies to provide development strategies for IBS improvement according to its current position.