How can you prepare for unexpected expenses in your operating budget using scenario planning?
Unexpected expenses can derail your operating budget and affect your financial performance. Whether it's a pandemic, a natural disaster, a supply chain disruption, or a legal issue, you need to be prepared for any scenario that might impact your costs and revenues. Scenario planning is a tool that can help you anticipate and plan for different outcomes and adjust your budget accordingly. In this article, you will learn how to use scenario planning to prepare for unexpected expenses in your operating budget.