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Compare and Contrast Project Management and Scenario Planning Techniques

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Consider the following scenario:

Today, many organizations and managers face new challenges on a daily basis. One critical aspect of the skills that managers lack is planning. You have been asked by your manager to conduct a preliminary search of recommending the two most common types of contemporary planning techniques, project management and scenario planning. Respond to the following questions regarding the two techniques:

> Compare and contrast project management and scenario planning techniques with particular emphasis on the implications of the techniques for the manager and the organization.

> Which technique better aligns to your workplace? Why?

> Explain why the other technique would not work in your workplace.

> What steps would you recommend your manager take to implement the planning technique you chose?

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Solution Preview

See the attachment.

Project management is a step by step planning method that takes each project from inception to completion and breaks it down into the lowest segments. It details the work, the resources, the people who will work on the project, the time line, and the PERT. This allows for planning both the job and the budgeting for the project.

Scenario planning focuses on the what ifs and the alternatives in case there are issues. It takes into consideration the external environment of the business and plans a project with an eye to being flexible in case change is needed.

In both cases, planning is the key, one just plans the project with all the details set out (PM) and while it can be adjusted, it seems more formal. There are advantages to covering the resources and personnel from ...

Solution Summary

The response discusses the steps one must take when evaluating and implementing planning techniques in early project management phases. 563 words with sample PowerPoint presentation attached.