From the course: Excel: Scenario Planning and Analysis
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Design a scenario-planning exercise
From the course: Excel: Scenario Planning and Analysis
Design a scenario-planning exercise
- [Instructor] Scenario planning exercises that examine strategies for the next two, five, or 10 years are expensive and frankly, they apply more to executives and senior managers than at the program, project, or product level. Even so, we can use the same techniques for our own work for prospective scenario generation. When you're look at the tactical level and trying to determine what's going to happen next, typically, you want to bring in as many people as possible into the room and then ask them questions about what's been going on. The problem, of course, is that also costs money and you have to be able to bring everyone together and coordinate their schedules, which is almost impossible, and even though it might not cost you as much as an executive lunch, it is still costing you some money, and of course, there's an opportunity cost in productivity. That means as someone who's performing scenario analysis, you need to be able to interact with people on their own terms and get in…
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