What is planning for 'uncertain events known as in operations?
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Planning for 'uncertain events', in operations is known as Scenario planning.
- Scenario planning basically means thinking about what can happen in the future.
- It takes into consideration both the positive and negative aspects as to what shall the organization do if something bad happens, and what if good happens.
- It is more specifically making assumptions about the future.
- Scenario planning can be said as a way that helps in anticipating the future by foreseeing various possible outcomes.
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