De maximis and Scenario planning: Difference between pages

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The maximum amount to which a person will be liable.
''Strategic planning - sensitivity analysis - stress testing.''
 
Scenario planning is a form of flexible long-term planning.
 
It takes account of the possibility of multiple simultaneous plausible, significant and adverse events outside the control of the organisation making the plans.
 
The idea is to ensure that the organisation's plans would remain robust, if the scenario were to occur.
 
Scenario planning is closely connected both with stress testing and with sensitivity analysis.
 
 
:<span style="color:#4B0082">'''''Plan for bad times'''''</span>
 
:"... we need to plan for the bad times as well as the good.
 
:This means more and better stress testing, more scenario planning, understanding the points of weakness in our supply chains and developing better risk mitigants.
 
:Certainly, construction costs have increased in recent months – the debate now is how much is transitory and how much is permanent.
 
:What is the trade-off of embedding more redundancy in our processes? 
 
:We need to get better at quantifying this."
 
:''The Treasurer, November 2021 - Issue 4, 2021, p15 - Ian Chisholm, Group Treasurer, Grosvenor''
 


== See also ==
== See also ==
* [[De minimis]]
* [[Back test]]
* [[Model]]
* [[Redundancy]]
* [[Reverse stress test]]
* [[Risk mitigant]]
* [[Sensitivity analysis]]
* [[Simulation]]
* [[Strategic analysis]]
* [[Stress test]]
* [[Supply chain]]


[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]

Latest revision as of 13:46, 1 December 2021

Strategic planning - sensitivity analysis - stress testing.

Scenario planning is a form of flexible long-term planning.

It takes account of the possibility of multiple simultaneous plausible, significant and adverse events outside the control of the organisation making the plans.

The idea is to ensure that the organisation's plans would remain robust, if the scenario were to occur.

Scenario planning is closely connected both with stress testing and with sensitivity analysis.


Plan for bad times
"... we need to plan for the bad times as well as the good.
This means more and better stress testing, more scenario planning, understanding the points of weakness in our supply chains and developing better risk mitigants.
Certainly, construction costs have increased in recent months – the debate now is how much is transitory and how much is permanent.
What is the trade-off of embedding more redundancy in our processes?
We need to get better at quantifying this."
The Treasurer, November 2021 - Issue 4, 2021, p15 - Ian Chisholm, Group Treasurer, Grosvenor


See also