The
future, they say, holds infinite potential. Unfortunately, that
does not particularly help us plan ahead. The Best Case / Worst
Case model can assist us by creating an "envelope of possibility"
for the future of a condition, project or venture. By envisioning
the complete range of possible outcomes (and the paths to reach
those outcomes), we can more readily understand the implications
of our decisions and the value of our current resources. The basic
model, as always, seems fairly straightforward. We stand at the
mouth of the "Trunk", at the moment when the future branches out
in front of us in all of its unpredictability. The Trunk behind
us represents the past, including all of the experiences that we
have had and all of the resources currently at our disposal. From
this vantage point, we can now set some limits on our future.
The Best Case
Here we carefully define the conditions we would find ourselves
in if everything went exactly as planned. Notice that this in NOT
a utopia! This is a "best case" only in that our plans went well-we
did not solve all of the world's problems here.
The Worst Case
Now we get to play "Devil's Advocate." What happens if things go
badly? What are the disaster scenarios? What are the grim possibilities?
Again, the universe does not end in this scenario-it is only the
"worst case" in that our plans go wickedly awry.
Most Probable Case
With our "practical hats" firmly in place, we can now look at what
the mostly likely results will be and at the path by which we can
achieve them.
What lies between the Best Case and Worst Case paths is the field
of opportunity. Between Best Case and Most Probable Case lies the
Profit Range. Between Most Probable and Worst Case is the Survival
Range (albeit not necessarily a pleasant survival). Outside this
envelope (either better than best or worse than worst) lies the
Collapse and Death options from Stages of an Enterprise.
(source)