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Scenario building equips decision-makers and entire organizations with the tools they need to confidently plan for all possible futures.

While the social and economic impacts of the growing coronavirus outbreak have dominated the news cycle, the larger implications for higher education have largely gone unnoticed. With the WHO recently declaring the coronavirus a global pandemic, colleges and universities across the country have been forced to grapple with the long-term consequences of declining international enrollment, suspended study abroad or foreign exchange student programs, and an overhaul of distance educational technology. Though the trajectory of the current outbreak is impossible to predict, institutions should make responsible financial planning a priority in the event of revenue loss.

The challenges associated with modeling may seem daunting, but if you meet them head on and develop a plan for each you will realize success.