What is meant by Scenario planning?
Scenario planning is a strategic planning method used to analyze and evaluate possible future developments and their impacts on a company or project. Various scenarios are developed based on different assumptions and variables. The goal is to better understand future uncertainties, minimize risks, and make informed decisions.
Typical Functions of Software in the Area of Scenario Planning:
- Scenario Creation: Creating various scenarios based on different assumptions, trends, and influencing factors.
- Data Analysis and Modeling: Analyzing historical data and modeling possible future developments.
- Impact Simulation: Simulating the impacts of different scenarios on the company or project.
- Risk Assessment: Identifying and evaluating potential risks in different scenarios.
- Visual Representation: Graphically representing scenarios and their impacts for better understanding and communication.
- Scenario Comparison: Comparing different scenarios to identify the most robust strategies and actions.
- Report Generation: Generating detailed reports and documentation on the scenarios and the derived recommendations.
- Integration with Other Systems: Connecting with other planning and management systems to utilize existing data and ensure consistency.