Model Best-, Worst-, and Base-Case Scenarios & Gauge Multi-Year Impact on Strategic Plan
The global pandemic provided colleges and universities with real-world lessons on the importance of leveraging long-range planning to model scenarios and their effect on strategic plans.
It’s critical that institutions perform scenario modeling to stress test their financial models, but to do that properly, they need the right tools.
Read 4 Best Practices for Effective Long-Range Planning for an overview of critical processes and how a modern long-range planning solution empowers institutions to:
- Compare forward-looking models to current plans
- Account for all funds in models
- Measure and monitor key performance indicators (KPIs) and benchmarks
- Improve transparency to support decision-making