Scenario Planning
Our scenario planning feature empowers organizations to anticipate and prepare for various future outcomes by testing different scenarios and their potential impacts on project portfolios. This capability enhances decision-making by allowing you to explore and compare multiple strategies, ensuring resilience and adaptability in the face of uncertainty.
Manage Uncertainty and Build Confidence!
In situations where portfolio investment decisions are sensitive to uncertainty and changing conditions, Definitive Pro provides the capability to set and test the following variables for your planning scenarios:
- Criteria weighting factors
- Discount factors (by year)
- Cost forecast (set % increases/decreases by year)
- Optimization constraints and dependencies
The creation and use of these scenarios are independent of each other, providing 24 different combinations of scenarios that can set and tested. Finally, for ease of use, Definitive Pro provides a “Super Scenario” capability to select a scenario of scenarios in each of the four areas described. Rather than set and run the scenarios individually, they can be organized into super scenarios so that a set of them can be run together.
Compare scenarios and plans side-by-side:
In addition to running various scenarios, Definitive Pro now allows you to save the results from each scenario as distinct plans, offering a powerful side-by-side comparison feature. This enables you to easily evaluate and contrast these plans, providing a clearer view of potential outcomes and helping you make more informed decisions. With Definitive Pro, key metrics for each plan are presented alongside the differences between your base plan and any alternative plans, giving you the foresight needed to understand how different scenarios might impact your portfolio’s future performance.
What is Scenario Planning?
According to Gartner, scenario planning is a must-use tool for functional leaders to drive immediate actions, decisions, and longer-term plans. In recent years, planning for possible future scenarios has become more complex and more critical, yet many organizations lack experience in this area. Scenario planning bolsters confidence and resilience by helping you decide what decisions to make given a wide range of different situations. Scenarios are compelling descriptions of possible futures — not necessarily the most probable ones. They should be plausible, coherent, and substantially different.
