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Scenario planning involves identifying and analyzing a range of possible future scenarios that could impact an organization or project. The process typically starts with defining the key uncertainties and variables that could affect outcomes. Next, various plausible scenarios are developed based on these uncertainties, often using a mix of qualitative and quantitative data. Finally, organizations assess the implications of each scenario and develop strategies to mitigate risks or capitalize on opportunities presented by different future conditions.

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1w ago

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