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Podcast

Risk in Context Podcast: Scenario Planning Best Practices

Marsh’s Allison Pan and Deloitte Consulting’s Ricky Armwood talk about scenario planning can help organisations understand and more effectively manage complex risks.

With businesses facing a number of critical, complex, and interconnected risks, it’s vital that risk professionals and others understand their potential effects on their organisations, and plan for the unexpected.

This episode of Marsh’s Risk in Context podcast features Allison Pan, a senior vice president in Marsh Advisory’s Emerging Risks Group, and Ricky Armwood, a senior manager at Deloitte Consulting, who discuss how scenario planning works and how it can benefit organisations.

Key takeaways

The aim of scenario planning

The aim of scenario planning is not to prevent bad things from happening, but rather to help organisations more effectively plan for and respond to them.

Scenario planning exercises can yield valuable insights

Scenario planning exercises can yield valuable insights that can be applied even in situations that organisations and people do not specifically plan for.

Diversed perspectives

Including diverse perspectives can help organisations identify unique scenarios to consider.

About our speakers