Scenario planning is a crucial process that helps us to identify, explore, and understand the potential outcomes of a situation. It helps us to make decisions in advance. The Eight Step Scenario Planning Process is a tool that helps us to plan for the future. This process is used by executives, managers, and entrepreneurs to prepare for change and build strategies for success. Scenario planning can be done by following these eight steps: Define the goal, Identify the issue or opportunity, Explore possible scenarios, Select the best scenario(s), Develop plans for action based on best scenario selected in step four, Execute plans based on selected scenario in step five, Monitor progress of actions taken in step six and seven (this includes collecting data) and Review results of actions taken in step eight.