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Scenario Planning 101: From uncertainty to actionable insight and executive buy-in

Static risk plans won't survive today's uncertainty. Learn the mechanics of Bow-tie analysis and Monte Carlo simulation to get actionable insights.

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Scenario Planning 101: From uncertainty to actionable insight and executive buy-in

Description

In an unpredictable world, relying on static risk management is no longer an option. Join us for this session where we demystify scenario planning and explore how to move beyond simple guesswork to proactively model and quantify potential disruptions to your business.

This webinar is your foundational guide to understanding and building effective risk scenarios. We will begin with the basics, defining risk events, causes, and consequences, and then introduce practical tools. You will learn the mechanics of bow-tie analysis to visually map out causal relationships, and explore how monte carlo simulations can quantify the full spectrum of potential financial impact—from best-case to worst-case outcomes. We will review compelling examples of scenarios to build and model. Finally, we'll cover the essential steps for creating a rapid response plan and, most importantly, building a strong, data-backed business case to secure executive buy-in for mitigation investment.

Learning Objectives:

Define the core components of a risk event and utilize Bow-tie analysis to visually map the causal relationship between a central risk, its causes, and its consequences.
Explain the purpose of Monte Carlo simulation and to leverage the modeling to analyze likelihood, impact and confidence levels.
Construct a compelling executive-ready business case for mitigation investment by demonstrating potential impact on your organization.

About the speakers

Jen Johnson is Senior Manager of Global Internal Audit at Haemonetics, where she leads execution of the global audit plan, supports enterprise risk management, and oversees the team’s data analytics strategy. With over a decade of audit and risk experience, she is focused on strengthening governance and driving technology-enabled solutions for efficiency and insight.

She began her career in Risk Assurance at a Big Four firm, specializing in Third Party Assurance and IT General Controls for SOX compliance. She later transitioned to Internal Audit in the pharma industry, leading complex domestic and international audits across operations, finance, compliance, and IT, while spearheading process improvements and analytics initiatives. Jen holds the CPA and CISA certifications and earned her MBA from Bentley University.

Jake Etheridge is a Senior Product Designer based in Dallas, TX. His most recent work has been helping make Scenario Planning come to life within AuditBoard to help Risk teams more effectively respond, plan, and document risks. In his career Jake has conducted over 250+ user interviews, brought several products from 0 to market fit, and worked prior to AB in the accounting/tax services space helping CPAs manage complicated user flows to serve their customers and manage their tax practices.

Mary Krzoska is a Market Advisor at AuditBoard, supporting organizations both large and small in transforming their security programs, compliance, and risk management through best-in-class technology solutions. Mary has nine years of global experience in the areas of audit, risk, and compliance. Beginning her career at EY, Mary supported Fortune 500 companies as part of their external audits and focused on organizations’ information technology general controls. Mary transitioned to a risk and compliance focus with A-LIGN in 2017, where she helped build the risk management practice and grow the SOC practice. During her time at A-LIGN, Mary was a Senior Manager who led a group of 20 SOC and HIPAA professionals and oversaw a variety of SOC, HIPAA, and ISO compliance audits. Additionally, Mary has consulted on business continuity and disaster recovery processes, and facilitated risk assessments for various companies.

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