Achieving Financial Sustainability Through Scenario AnalysisMichael Nicolescu - Synario Scenario analysis can be a powerful analytical tool for any business officer. It is commonly used in decision-making processes to evaluate different financial outcomes, based on alternative views of the future, to help determine the best course of action. It provides a structured way of thinking about potential scenarios by proactively identifying problems, allowing users to plan appropriately. This presentation will highlight the value of developing a strategic, multi-year financial model along with an annual planning process that enables business officers to drive conversations with key stakeholders about the financial ramifications of the various ideas contemplated across campus. Jim Quinn, Director of Financial Planning at Lehigh University, will provide his respective experiences on the subject:
|