Project scenarios allow you to define multiple estimates for a potential or planned project. Planned projects are those that your organization may not have committed to just yet, and scenarios allow you to establish rough estimates in order to determine whether or not a project will be feasible. A scenario includes a budget, schedule, and cash flow. A number of scenarios can be created for comparing and ultimately determining the best possible option. For example, one scenario might be fast tracked, another might include a new technology or implementation approach, and a different scenario might include an alternate, such as an extended parking garage. Once a scenario is published, it is available to be added to a capital plan.
There are six tasks required to create a scenario and need to be followed in this order: