Five tips for effective scenario planning
This guide, created by the ICAEW Business and Management Faculty, shares five practical tips finance professionals may wish to consider when preparing forecasts and planning for the future.
Businesses are used to feeling the tension when it comes to focussing on the here and now and the ‘what if’ scenarios but COVID-19 has shown that in a matter of days business activities can grind to a halt. To what extent should you prepare for business disruption? Should a business plan for all eventualities? This guide sets out five areas for finance professionals to consider.
The information in this guide is intended to be practical and helpful in these difficult times, but because every business is different in so many ways, the guide shares general guidance only and you should take appropriate professional advice on the circumstances of the business.
This content is not freely available. To access 'Five tips for effective scenario planning' you need to be one of the following:
This content is available to ACA students. If you want to start the ACA qualification there are several routes you can take
Gain access to world-leading information resources, guidance and local networks. 98% of the best global brands rely on ICAEW chartered accountants.