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You must prioritize the ones that have the most significant impact on your business. Scenario Planning Proactively prepare for different future scenarios by using your financial variances to conduct scenario planning. This process involves financialmodeling of different outcomes based on various assumptions.
What-if analysis is a technique used in financial planning and decision-making business software to assess the potential outcomes of different scenarios or changes in variables. It involves evaluating the impact of various "what-if" situations on financial flows projections, business performancemeasures, or outcomes.
By providing financial insights and analysis, they assist in evaluating investment opportunities, assessing the financial impact of strategic initiatives, and developing long-term financial plans. They develop financialmodels that simulate various scenarios and assess the outcomes on key financial metrics.
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