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Scenario Planning Template

Scenario Planning Template

Identify critical uncertainties, assess risks and opportunities, and develop strategies using this scenario planning template.

By Venngage Inc.
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Scenario planning is a tool that you can use to explore different possible future outcomes and help organizations make better decisions in the present. It involves creating multiple "scenarios" - stories about how the future might unfold. And then using them to help identify key uncertainties, assess risks and opportunities, and develop strategies for dealing with potential problems. Businesses and governments often use scenario planning to prepare for possible future shakeups, such as economic recessions, natural disasters, or technological changes. Individuals can also use it to plan for their future. You can include many different elements in a scenario planning exercise. The exact details will depend on the particular organization or individual and the specific goal of the practice. However, determining game-changing unknowns that could significantly impact the future is a common element. These apprehensions could be about economic trends, social changes, and technological innovations. After the key uncertainties have been identified, the next step is to create scenarios. Scenarios are narratives about how the future might evolve. They should be based on the key