Scenario management offers solutions to many of the disadvantages of traditional planning practices. It allows organisations to assess what lies beyond the ‘span of predictability’ and account for multiple possible futures.

This FP&A Trends webinar covered the findings of our 6th annual FP&A Trends Survey, where we tried to discover the latest trends and challenges facing FP&A departments around the world.

Scenario Planning is a technique used in FP&A to help guide companies through considerable uncertainty, contemplating various paths of possibilities. Despite our best attempts, our forecasts will have inherent errors; actual results deviating from the figures we had anticipated hitting.

In times of uncertainty, the failings of systems and measures are brought sharply into focus. Managing profitability often requires a complete re-think of how an organisation plans and the supporting systems that can help sustain profits in both the short and long term. That’s the subject of this paper.

xP&A is more than an attempt to ‘fix’ the planning process. It is a complete transformation of the FP&A function to continually challenge the status quo, to educate, shape and influence management decisions on how the organization achieves its goals.

Scenario management plays a vital role in a world of irrelevant budgets and inaccurate forecasts.