Achieving Financial Sustainability Through Scenario Analysis

Michael Nicolescu - Synario
Jaison Kurichi - Temple University

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.

Jaison Kurichi, Associate Vice President for Budget and Planning at Temple University, will provide his respective experiences on the subject:

1. Understand the value of strategic financial planning, including leveraging a forecast to engage senior leaders, and other key stakeholders.
2. Broaden your understanding of risks, opportunities, and long-term financial health.
3. Describe the strategies and tactics essential to creating (and sustaining) a financial model where all stakeholders have trust and confidence in the results.