Database Reference
In-Depth Information
Create and compare the scenarios
A scenario is a possible future that is being planned for. Good governance and good
risk management means that many possible futures are being planned for and each
possible future may have a different set of projects that will help meet the enterprise
objectives in that scenario. For example, in one scenario the company may unify
subsidiaries IT processes under a corporate IT function to maximize processing
efficiencies. In another scenario, the company may devolve management of IT to the
subsidiaries to maximize local accountability and prepare for spin offs. Projects that
are eligible to be included in the portfolio are collected in the initial scenario of the
planning cycle.
In order to create a scenario, click on
Scenarios
to open the list of scenarios for the
planning cycle and open the
Create Scenarios
page. Enter a scenario name and
a description:
You can create a scenario by copying an existing scenario and then changing its
information as per the needs (such as discount rate and funds available). When you
copy a scenario, all the projects, including their project scores and funding approval
statuses are copied into the new scenario. You can also add the proposed projects
by selecting the scenario that should contain the new project, clicking on the
Add
Projects
button and entering the project search criteria.
When you add a project to a scenario, the project is also added to the initial scenario.
You can compare scenarios to determine, which scenario best fits the financial
metrics and strategic objectives of the planning cycle. In developing the scenario
you may find that you can make a scenario achievable, you may increase funding,
exclude or delay projects.
In order to compare scenarios, access the
Scenarios
page and select and open a
scenario. Click on the
Compare Scenarios
button to access the
View Comparisons
page where you can select up to three scenarios for comparison.
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