Planning Scenarios in Project Management – Definition and Meaning
Planning scenarios are alternative versions or variations of a project or portfolio plan based on different assumptions or conditions. They are used to explore and compare various options and their potential impacts, particularly in strategic planning or risk management, by enabling “what-if” analyses.
Example, Best Practice, and Further Information
In a marketing project, for example, a planning scenario might be created to simulate the impact of an increased advertising budget on the schedule and expected results. A proven best practice is to use scenarios to evaluate potential risks and opportunities across different planning alternatives. This approach aligns with scenario analysis as described in the PMBOK Guide and with planning games used in agile methodologies. It supports informed decision-making and increases flexibility in planning.