Scenario Planning vs Contingency Planning for Not For Profit Organizations

Scenario planning for Not For Profits involves looking at financial likelihoods or possibilities and planning around them. “If this happens, and this, then that becomes possible.” Contingency planning, on the other hand, involves being prepared for the unexpected or unlikely. Today Raji Kalra shares her expert advice on how Not For Profits should strategically position each approach and how leaders can be better prepared. We also explore longer lessons learned from contingency planning during the pandemic, including what things might not return to the “old normal.”