Skip to main content
11 Mar 2020
3 minute read

Develop contingency plans for financial disruption

Customer engagement | Thrive: Prepare for the next normal

Using Scenario Based Forecasting
226 KB PDF

Using Scenario Based Forecasting

Preparedness in an uncertain environment

COVID-19, oil price shocks and travel bans are all creating uncertainty regarding the current business environment. And as the impact of COVID-19 becomes more permanent, it is important that businesses are proactive in assessing their capability to withstand disruption and the options they have to identify, and respond to, potential opportunities. This article discusses the role scenario-based forecasting can play in navigating company finances through this level of uncertainty and disruption.

Topics covered in this article:

  • Creating a core team that develops and manages scenario definitions and reforecasting
  • Defining plausible alternate futures in which the impact of decisions will be assessed
  • Customising scenarios to particular contexts and challenges, including less obvious possibilities

Did you find this useful?

Yes
No

Thanks for your feedback

If you would like to help improve Deloitte.com further, please complete a 3-minute survey

Your feedback is important to us

To tell us what you think, please update your settings to accept analytics and performance cookies.

Need help updating cookies?

Key contact

Recommendations

Business recovery from COVID-19: A Guide for Board Members

As boards steer their companies through the COVID-19 recovery journey, they can use the Resilient Leadership framework to guide them.
Perspectives

Building bots with kids from a distance

Deloitte Netherlands crowdsources employee expertise to volunteer virtual hours during COVID
Perspective
3 minute read

COVID-19’s impact on the engineering & construction sector

During this time when the COVID-19 pandemic is crippling various industries, public construction has been one of the few industries that has been maintained to some extent. Although activity will likely continue in the short-term, the work is expected to halt soon given various factors including supply chains disruption, shortage of subcontractors and materials, and the termination of contracts to control expenses. This article looks at the short-term stress in the industries subsectors as well as long-term impacts of a weak project pipeline for the entire industry.
Perspectives

Understanding COVID-19’s impact on the technology sector

The effects of COVID-19 are having a significant impact on the technology sector, affecting raw materials supply, disrupting the electronics value chain, and causing an inflationary risk on products. More positively, the disruption has caused an acceleration of remote working, and a rapid focus on evaluating and de-risking the end-to-end value chain. In addition, potential carbon emission reductions could result in renewed focus on sustainability practices.
Perspectives