Question 1
When constructing scenarios for analysis, why is it crucial to ensure that each scenario is “internally consistent”?
Question 2
How does scenario analysis primarily differ from traditional forecasting techniques in its approach to future uncertainty?
Question 3
In the context of university risk management, what does “stress testing assumptions” within scenario analysis primarily aim to achieve?
Question 4
Which of the following best describes the “structured” aspect of structured scenario techniques in risk management?
Question 5
How does scenario analysis contribute to “expanding thinking” about risks within an organization?
