Clarity Glossary for Project and Portfolio Management

Scenario

A scenario is a simulated planning situation within a project portfolio.

Explanation

In project portfolio managementProject Portfolio ManagementProject portfolio management refers to the centralized management of all projects within a company., a scenario is used to analyze different planning options.

Organizations can simulate how changes in budget, resources, or projectProjectA project is a temporary initiative with clearly defined objectives, resources, and a specific outcome. priorities would affect the overall project portfolio.

Scenario analysis supports decision-makers in making well-informed strategic decisions.

Synonyms and Abbreviations

  • Scenario Analysis: analysis of different planning scenarios
  • Portfolio Simulation: simulation of possible project portfolios
  • What-If Analysis: analysis of different decision options

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