Why Scenario Planning?
Scenario planning was developed as a management tool in the 1970s. When done well and used as part of a business’s decision support systems, it proves to be a flexible and valuable tool for informing critical business decisions.
Scenario planning allows businesses to understand the best- and worst-case outcomes of a proposed project or strategy, as well as all possibilities in between. Businesses using scenario planning are therefore better placed to take advantage of market changes, and can prepare effectively for downturns and negative circumstances (as well as market upturns). In these volatile times, taking this approach will be a well-suited approach to future-proof plans.
Featured in this publication are white papers produced by the ICIS team of consultants covering:
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