The Eye Opener in Long Term Budgeting How taking uncertainty into account gives more realistic plans CHALLENGE A global pharmaceutical company approached EpiX with a request to help them understand the company’s long-term risks by incorporating risks and uncertainties into the company-wide 5-year budget. While the company’s global planning team was already using tools such as Risk Heat Maps, they wanted to use more systematic methods to improve their evaluation, quantification and prioritization of risks and opportunities. By using this improved methodology, the team also aimed to improve the planning process by taking into account the impacts risks have on the long-term budget and the probability of achieving it. WHAT EPIX ANALYTICS DID EpiX started by working with the com

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