Scenario planning

Learn to make organizational decisions in uncertain, unpredictable and volatile environments, using scenario planning. This three-part series is your essential guide to the six-step scenario planning approach.

Top view of a businessman standing on a tile floor. In front of him are painted three white arrows indicating different directions, but all are forward.

Scenario planning is a management tool designed to allow organizations to evaluated the efficacy of strategies, tactics, and plans. It is based on a range of possible future environments and is particularly relevant for today's increasingly uncertain and volatile world, where the pace of change is accelerating, and significant unpredictable events seem to happen with increasing frequency.

For business and accounting professionals, a working knowledge of scenario planning can help in applying core management accounting disciplines, such as:

  • cost management
  • profitability analysis
  • risk management
  • performance measurement
  • forward-looking strategic and operational planning, budgeting, and forecasting

This three-part series on scenario planning is a valuable addition to your risk management process. Learn how to reach an optimal balance between risk appetite and return by implementing a robust decision-making model.

You will also learn about:

  • how to better address risk and uncertainty in your organization's future and make robust organizational decisions in unpredictable and volatile environments using scenario planning
  • the importance of a successful scenario-planning approach in the development of a strong decision-making model
  • the six necessary steps to implementing a robust scenario plan and decision-making model
  • the real-life examples of two organizations applying scenario planning in different ways in both a global context and in a not-for-profit organization

Learn more about and download the individual electronic publications, including an overview, guideline, and case study from the links below.