About this Virtual Instructor Led Training (VILT) 

Scenario planning, also called scenario thinking or scenario analysis, is a strategic method that some organisations use to get to grips with the broader contextual uncertainties that the organisation faces when making strategic or major investment decisions. It is a way to better understand the complexity of the future business environment. As such, the scenario narratives that result from such exercises may be referred to as ‘memories of the future’. They provide a meaningful framework for discussing the key trends in the contextual environment and their implications for business decisions. The energy industry faces much more uncertainty than 10 to 20 years ago. The energy transition is a sure thing, but how fast will it change? What is the future outlook for oil? Will power generation become as decentralised as some are suggesting? Will gas or LNG indeed act as a transition fuel, or will this be short lived as the pace of development in renewables continues to surprise? Will carbon capture and storage (CCS) ever take off as an accepted emission mitigation strategy? We do not have the answers to these questions but neither will others. What can be done however is to explore such questions by means of scenarios. In this Virtual Instructor Led Training (VILT), we will show how companies or organisations can develop and use such scenarios. The VILT will be an interactive engagement, with lectures and group work around some ‘live’ scenario concepts being used in the energy industry. Scenario development methodologies will be discussed and practised as well as the use of scenario thinking for decision-making. This VILT will be delivered through video conference and e-learning. The VILT will be delivered online in 4 days (8 modules) consisting 3.5 hours per day (GMT+8 Malaysia Time), with 2 breaks of 10 minutes per day. In addition, participants will execute a group scenario project OFFLINE for which they need to reserve some additional time (4-6 hours per individual) in their work schedule.