Scenario Planning is a tool that helps an organization evaluate various project outcomes based on possible future circumstances and make the decisions most appropriate to them. Rather than predict the future, scenario planning assists the organization consider many different futures and quantify how they might impact the organization’s key drivers. Although sceptics could argue that this is a very subjective process, the fact is that most organizations do not handle uncertainty well and scenario planning is a tool to help management begin discussing, considering, and quantifying the impact that possible future events could have on their business.
