Forward-looking CFOs are using thoughtful, detailed scenario planning to prepare themselves for economic uncertainty.
Stacy Galligan - CFO.com
Continual global risk demonstrates the never-ending importance of scenario planning and sensitivity analysis, tools that allow a company to identify and strategize for countless what-ifs before uncertainty puts operations at risk.
ABSTRACT
In this article, Stacy Galligan, outlines how scenario planning and 'what if' analysis are critical for organisations given the current period of global uncertainty and increasing risk.
On the back of Covid, mining companies are now struggling both with rapidly inflating cost of resources as well as difficulty obtaining resources. Now we’re staring down the barrel of potential global recession also.
Written from a US corporate perspective, this article shares some good tips about the organisational need for being able to rapidly respond to continuous and often unexpected changing business baseline.
How quickly can you understand the financial and operational impacts of unexpected changes and can you rapidly evaluate the cost & cash flow impact of options?
Read the full article here: https://www.cfo.com/risk-compliance/risk-management/2022/12/scenario-planning-recession-inflation-risk-cash-flow/
Ramesys Global
Ramesys is an all-in-one budgeting, forecasting and reporting platform, purpose-built for the mining industry, that offers complete cost visibility across the entire organisation.
Our goal is to make it easier for mining companies to achieve a transparent understanding of their cost performance, develop a cost-conscious culture and create a single source of truth that helps key stakeholders make better decisions, faster.
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