Prenova performs “what if†scenarios to help clients analyze individual concerns or specific aspects of their energy strategy. These “what if†scenarios may be a straightforward comparison of a contract price to its relative market value based on forward curves, or a complex analysis of how a change in market conditions would affect the entire corporate energy portfolio. These scenarios are created and displayed in Outlook Predictor to determine the impact on future earnings and to drive the creation of refined energy strategies.
A process used for long term strategic planning.... more on: Scenario planning
a methodology that attempts to build plausible views of a small number of different possible futures for an organisation operating in conditions of high uncertainty.
Scenario planning involves testing business strategies against a series of alternative futures.
The planning of responses, i.e. possible courses of action, to sets of imaginary event s, typically for purpose s of mitigating project risks. [D03253] RMW
Planning for various `what if€' situations that could occur in the future.
A formal intelligence activity that involves identifying trends and conditions in order to develop forecasts and future scenarios, and developing strategies to help manage uncertainties about future competitive and market environments.
A technique to builds alternative views of the future by clustering key drivers of change to creatively plan for changing environments.
A key element of futurism process, scenario planning provides a systematic process and frameworks for developing long-term scenarios.
Scenario planning or Scenario thinking is a strategic planning method that some organizations use to make flexible long-term plans. It is in large part an adaptation and generalization of classic methods used by military intelligence.