Certified Professional Contract Manager (CPCM) 2026 – 400 Free Practice Questions to Pass the Exam

The term that accurately describes an analysis involving different scenarios based on potential changes is contingency planning. This concept entails preparing for a range of possible future events or conditions and developing strategies to mitigate risks associated with those events. Contingency planning involves identifying potential scenarios that could impact operations or project objectives and formulating responses to those scenarios. This proactive approach enables organizations to navigate uncertainties effectively and ensure resilience in their strategies.

Risk assessment, while related, focuses more on identifying and analyzing potential risks rather than developing plans based on different scenarios. Market analysis is primarily concerned with understanding market dynamics and consumer behavior, rather than planning for various possible outcomes. Strategy development is a broader concept that includes articulating overall goals and methods but doesn't specifically focus on scenario-based analysis. Therefore, contingency planning is indeed the most fitting term for the analysis described.