From this discussion below please write a response back to this with 150 words or more

For this weeks post, I am going to talk about the scenario analysis tool mentioned in chapter 11. This tool relates to the what if questions that may be asked when trying to predict or chose a specific scenario that is best for a particular company or personal decision. When making personal decisions, I have used the scenario analysis tool to help me pick the best scenario possible. I have been faced with different scenarios, each with one of them offering something different. I would have to look at all of the scenarios possible to pick the best one for the type of result that I was looking for. I seem to use this tool more often for my job. Decision making is something that happens often with my current role, having to choose the best route to take in order to keep our corporate network running at its best performance. When using the scenario analysis, we had to make the decision, and using this tool helped us to analyze all of the different things that were being offered and to help us pick the best one for our company. I never knew that when making these decisions, it was called scenario analysis. The book mentions in chapter 11 that a good place to start is with the worst-case scenario. I agree with this. It would be best to start with the worst first and then move to the best. Once you have the worst out of the way, then you are only faced with the best after that. Scenario analysis takes the best case and worst case and analyzes them based off of certain criteria. The book references net income, cash flow, NPV, and IRR. It seems like this tool can be used in both the corporate finance world and also in the personal real-life world, outside of finance.