Scenario Analysis helps you to make better decisions by challenging your assumptions about the future. Exploring a range of alternative scenarios allows you to identify potential risks and plan how you will counteract or mitigate their impact – as well as maximizing opportunities.


Screenshots
(from Scenario Analysis app)


“Considerations (customize for your business)
· Lost sales and income
· Negative cash flow resulting from delayed sales or income
· Increased expenses (e.g., overtime labor, outsourcing, expediting costs, etc.)
· Repairs or reinstatement
· Regulatory fines
· Contractual penalties or loss of contractual bonuses
· Customer dissatisfaction or defection
· Delay executing business plan or strategic initiative”


“Given the significant risks to the things you care about, action needs to be taken. Identify, and describe, the things you rely on in your context. Focus on resources – as listed in NFPA 1600 (essentially, the things you must have / rely on).
For each of the identified processes or prioritized activities required for you to achieve your objectives, identify the things you “care about” that support the processes or critical activities by focusing on the following:
(1) Personnel
(2) Equipment
(3) Infrastructure (including premises)
(4) Technology (including plant and equipment)
(5) Information (digital and analog)
(6) Supply chain (supplies and suppliers)




