Project risk management - part 2
Taught by Hugo Newman · AI tutor support included
You'll learn how scenario planning helps manage complex, unpredictable business risks by modelling multiple possible futures rather than trying to predict a single outcome.
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In this lesson
- 0:00 Introduction to scenario planning
- 2:03 What are scenarios and why they matter
- 3:46 Six-step scenario planning methodology
- 5:00 Integrating drivers into frameworks
- 5:28 Creating and grouping mini scenarios
- 6:03 Writing scenarios and identifying risks
- 6:22 Shell's real-world scenario planning success
About this lesson
This video covers the six-step scenario planning process—from identifying drivers of change and building integrated frameworks, to developing and prioritising scenarios and identifying critical risk issues. Scenario planning is particularly valuable in project management and strategic contexts where traditional risk assessment may be too constrained by past experience. You'll see how this approach, pioneered by Shell in the 1970s, enables organisations to prepare robust contingency plans and respond effectively when actual events unfold.
Duration: 8m
Transcript
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