CIOs: Augment Contingency Planning and Risk Assessments with Scenarios

CIOs: Augment Contingency Planning and Risk Assessments with Scenarios

CIOs: Augment Contingency Planning and Risk Assessments with Scenarios

So I posted a piece on Internet Evolution (Scenario Planning: The Internet as Crystal Ball) that suggests scenario planning would be value to CIOs planning their future, and for Internet companies exploring theirs. The skepticism is telling, but I think the main point. In a data-driven, short-attention-span world, we need tools to help us think in the long-term in a robust way.

What is the difference between contingency planning and risk management? Both are mostly deterministic but could be informed by scenarios. In Internet security, it is the difference between measuring the number of known threat types and deciding if you have enough staff to manage those, and imaging entirely new threat models. Conducts contingency planning and risk management will benefit from teams that unshackle their imagination. But most don’t take planning methods that far. You need scenarios to do that.

For more on scenario planning and CIOs, see Dan’s article at HBR.

Daniel W. Rasmus

Daniel W. Rasmus, Founder and Principal Analyst of Serious Insights, is an internationally recognized speaker on the future of work and education. He is the author of several books, including Listening to the Future and Management by Design.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.