Browse Definitions :
Definition

what if scenario analysis (WISA)

Contributor(s): Matthew Haughn

What-if scenario analysis (WISA) is a business planning and modeling technique used to yield various projections for some outcome based on selectively changing inputs.

Scenario planning allows a business to respond to alternative situations more quickly and effectively because they have developed strategies to rely upon. A scenario, in this context, is a potential circumstance or combination of circumstances that could have a significant impact -- whether good or ill -- on an organization. 

A business can use what if scenario analysis to see how a given outcome, such as project costs, might be affected by changes in particular variables, such as the late delivery of supplies or the unavailability of key personnel. 

In project management, for example, WISA can help users see how changing data for specific dates and costs changes the completion date and/or total cost of the project. Alternate calculations with various inputs enables a more informed prediction about potential outcomes and allows the business to plan how to handle the various scenarios quickly and effectively.

In general, a what-if scenario is an informal speculation about how a given situation might be handled. For example, an interviewer might ask a prospective employee how he would handle a given situation.

See a video demonstration of what-if scenario analysis in Excel:

This was last updated in March 2015

Continue Reading About what if scenario analysis (WISA)

SearchCompliance

SearchSecurity

  • cyber attack

    A cyber attack is any attempt to gain unauthorized access to a computer, computing system or computer network with the intent to ...

  • backdoor (computing)

    A backdoor is a means to access a computer system or encrypted data that bypasses the system's customary security mechanisms.

  • post-quantum cryptography

    Post-quantum cryptography, also called quantum encryption, is the development of cryptographic systems for classical computers ...

SearchHealthIT

SearchDisasterRecovery

  • risk mitigation

    Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a business.

  • call tree

    A call tree is a layered hierarchical communication model that is used to notify specific individuals of an event and coordinate ...

  • Disaster Recovery as a Service (DRaaS)

    Disaster recovery as a service (DRaaS) is the replication and hosting of physical or virtual servers by a third party to provide ...

SearchStorage

  • cloud SLA (cloud service-level agreement)

    A cloud SLA (cloud service-level agreement) is an agreement between a cloud service provider and a customer that ensures a ...

  • NOR flash memory

    NOR flash memory is one of two types of non-volatile storage technologies.

  • RAM (Random Access Memory)

    RAM (Random Access Memory) is the hardware in a computing device where the operating system (OS), application programs and data ...

Close