What Is Scenario Planning?Scenario planning differs from contingency planning, sensitivity analysis and computer simulations Contingency planning is a "What if" tool, that only takes into account one uncertainty However, scenario planning considers combinations of uncertainties in each scenario Scenario planning differs from other planning methods, such as contingency planning, sensitivity analysis, and computer simulations First, contingency planning examines only one uncertainty, such as "What if we don't get the patent?" It presents a base case and an exception or contingency
Medtrend Inc Intelligent Strategies
