Friday, 7th August 2020

Puppet open sources scenarios planning toolkit

Toolkit provides methodology and framework for enterprise technology leaders to navigate through uncertainty.

Puppet has released an open source Scenario Planning Toolkit for enterprise technology leaders to make more informed, strategic decisions and meaningfully drive forward their businesses during uncertain times.

This toolkit, adapted from a scenario planning process developed by The Trium Group, a leading management consultancy that specializes in breakthrough business performance, provides a methodology and planning framework that can be customized to help leaders align teams around a shared context, execute on no regret moves, and design strong future-proof strategies. The power of this work allows leaders to take meaningful actions by exploring a range of possible futures, rather than betting on a single prediction.

“All too often leaders can find themselves parallelized by the unknowns in the world around them. By moving from forecasting to a scenario planning mindset, it is possible to determine no-regret moves that enable action with confidence today and accelerated decision-making as the future unfolds,” said Yvonne Wassenaar, CEO at Puppet. “This approach has provided clarity for my team, allowed us to move quickly, and positioned Puppet for long term success.”

With an understanding of the range of potential future outcomes and clarity around what decisions make sense in all scenarios, leaders can confidently develop strategies and plans for navigating through uncertainty and volatility, considering their company’s risk tolerance, investment posture, and cash position, and identifying signals to watch for to make sense of events as they unfold. This approach can be leveraged not just at the company level, but also in specific areas of the business. This open source toolkit Puppet has created takes a technology-forward lens to scenario planning. Puppet modified the toolkit specifically with technology executives in-mind to help them work through the most important investments and initiatives they should be moving forward on, accelerating, adding and, importantly, discontinuing as well.

“Scenario planning has never been more important than it is today,” said Doug Randall, Partner, The Trium Group. “This pandemic has shown executives the world over how critical it is to be prepared for any range of possible futures. We are delighted that Puppet has adapted our scenario planning toolkit and created a unique framework for approaching the many unknowns specific to the technology sector.”

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