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.

2020 was a year of major disruptions for the business world. But whether your organisation suffered or thrived, the COVID-19 pandemic was a chance to add value to your business.

Michael gives an insightful presentation on FP&A Scenario Planning: Forecasting in the Uncertainty.