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Step-by-step answers for PVology, written for what you are trying to do.
Reviews, Assumptions & Scenarios
- How to create and compare a scenario (what if?)Open More → Scenarios → New scenario, give it a kind (Base, Upside, Downside or Custom) and the first change, then Add change for targets, assumptions, forecasts, initiative timing or investment. Compare it with the live strategy, then Adopt scenario or archive it. A scenario never changes the live strategy by itself.
- How to generate a review packComplete the review, then choose Generate the review pack. It is issued as PDF, Word or Excel and keeps the targets, actuals, statuses, commentary, decisions and strategy version as at the review; it never changes afterwards.
- How to record a management decision and its follow-up actionsIn a review choose Record a decision (or Reviews → Decisions and actions → Record a decision): the decision type, what was decided and why, alternatives, evidence, expected outcome and review date. Add action for each follow-up, or save the reason no action is needed; later record the outcome review.
- How to record and monitor strategic assumptionsOpen More → Assumptions → New assumption with the statement, owner, source, confidence, impact if false, whether it is critical, a monitoring measure and a review date. Review it with Reviewed: still holds or Change status. An invalid critical assumption lists what it affects and asks for a strategy review.
- How to run a performance review of a reporting periodOpen Reviews → New review, choose Performance review and the period, and choose Create review. The Position lists the measures for the period with their calculated status and commentary; record decisions and actions and choose Complete the review.
- How to run a strategy reviewOpen Reviews → New review, choose Strategy review, the strategy, the date and the people, and choose Create review. Hold it from the Position prepared from live data, record the minutes and a decision for each matter with its actions, then choose Complete the review.
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