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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › SCENARIO PLANNING AND SIMULATION
Hi
I cant understand scenario planning technique of risk and uncertainty. Its mentioned in Kaplan study text and has 7 steps. Can u plz briefly explain and give some background regarding this technique. Thanks.
Dnt knw about scenario planning but simulation is a technique that uses mathematical models to simulate risk + uncertainty for example a gambling machine is a simulation of winning/losing probabilities
Scenario planning is not relevant for F5 – don’t worry about it.