About this Training Course
Scenario planning, also called scenario thinking or scenario analysis, is a strategic method that some organizations use to get to grips with the broader contextual uncertainties that the organization faces when making strategic or major investment decisions. It is a way to better understand the complexity of the future business environment. As such, the scenario narratives that result from such exercises may be referred to as ‘memories of the future’. They provide a meaningful framework for discussing the key trends in the contextual environment and their implications for business decisions.
The energy industry faces much more uncertainty than 10 to 20 years ago. The energy transition is a sure thing, but how fast will it change? What is the future outlook for oil? Will power generation become as decentralized as some are suggesting? Will gas or LNG indeed act as a transition fuel, or will this be short lived as the pace of development in renewables continues to surprise? Will carbon capture and storage (CCS) ever take off as an accepted emission mitigation strategy?
We do not have the answers to these questions, neither will others. What can be done however is to explore such questions by means of scenarios. In this masterclass we will show how companies or organizations can develop and use such scenarios. The masterclass will be a two day interactive engagement with lectures and group work around some ‘live’ scenario concepts being used in the energy industry. Scenario development methodologies will be discussed and practiced as well as the use of scenario thinking for decision making.
By the end of this course, participants will be able to:
- A comprehensive and clear understanding of what scenario planning is
- How to develop scenarios coherently with current information available
- What can be accomplished with the scenarios developed and how it can be executed for planning
Business leaders, project managers, business development professionals, economists, financial analysts, risk managers, strategy consultants and other project staff. University level degree preferred. Familiarity with the energy business recommended.