Instructor for this course

Understanding or predicting the future is not easy, and one can never do this with perfection.  However, in this fast-changing world in which we live, every organization, consultant, and government agency must have a solid method to make reasonable forecasts of what the future will be like.  Shell Oil pioneered the Scenario Planning process that encourages people to brainstorm in organized ways to think up realistic future trends and events called scenarios.  When an organization is looking to the future, by using scenario planning, it can make small bets and see how they work before it makes a very large investment that will take years or even decades to pay off.

This course teaches you some of the key principles and mistakes that are often made in forecasting and scenario planning. All plans must depend on a solid view of what the future will look like, and merely looking at past trends will not provide a view of the future that is either accurate or even likely.  Every budget created for every organization is a forecast based on likely scenarios and we explore how forecasting can improve one’s ability to create accurate, future-looking budgets.

Learning Objectives

  • Explore the art of forecasting.
  • Identify ways to predict and understand the future more accurately.
  • Discover how developing scenarios can give you insights into the future.
  • Recognize how important forecasting is to every organization that wants to be around and be successful in the future.
  • Discover how past trends often mislead people into thinking what the future might be like and to miss key signals that things are changing in new ways.
Last updated/reviewed: June 17, 2021

10 Reviews (34 ratings)Reviews

Member's Profile
Very high level discussion from an opinionated instructor. Opinions are interesting, but I was hoping to learn something. With the benefit of hindsight the instructor points out many examples where change should have been anticipated. Would make for an interesting conversation, but not an hour long class.
Anonymous Author
I really liked this course precisely because it was thought-provoking. The instructor doesn't intend to teach how to create a forecast, but rather why. He brings an interesting perspective and cites several instances where unfortunate scenarios were indeed predictable.
Anonymous Author
This course was mostly about theory / big picture. It reinforced the need for scenario planning, and why it's important. I would think of this more as an executive level course than one for "practitioners".
Member's Profile
This was a really nice of overview of not only what to do and why, but gave very good real life examples what companies that didn't follow these processes.
Anonymous Author
The course was adequate. It was very general. I felt it was more objective than a "learning course". I was expecting more hands on work.
Member's Profile
I felt like the course was too general. I was expected more specific and hands-on content.
Member's Profile
Good course. Wish it was longer for people involved in budgeting fields.
Anonymous Author
I enjoyed the course. Good information and good presentation.
Member's Profile
This course is more of a thought generator than a how to.
Member's Profile
clear course with great examples, good use of slides


Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  12:55Introduction to Forecasting and Scenario Planning
Section 1
  14:59The Increasing Need for Forecasting and Scenario Planning
Section 2
  5:50Assumptions Behind Forecasts, Shelf Life of Forecasts, and Publishing Forecasts
Section 3
  3:10Scenario Planning
Section 4
  8:30Once Scenarios Built
  1:00:48Forecasting and Scenario Planning
  PDFSlides: Forecasting and Scenario Planning
  PDFForecasting and Scenario Planning Glossary/Index