What is “scenario analysis” & why is it the “heart of risk management”? By Brian Barnier

Brian Barnier is focused on growing companies, investments and countries, bringing practical insight to investors, boards and management to help them bridge from strategy to execution. He accelerates improvement in business results through a "risk lens" that incorporates both growth and turnaround lessons learned across industries, professional disciplines and countries. Brian is the author of The Operational Risk Handbook for Financial Companies: A Guide to the New World of Performance-Oriented.
#DESCRIPTION
Brian Barnier explains the concept of scenario analysis or the what if of his Step Cycle for risk management. He uses a sports analogy to explain how scenario analysis involves doing an in-depth analysis of possible events and examining alternative outcomes so that one can be prepared with solutions. Barnier talks about what happens when this step is missed or not done in a robust manner.
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