"The pressure will be on and it is here where our flexibility and experience will come into play," Chappell told reporters on the eve of his team's departure for the one-day showpiece event starting next month.
"The more flexibility you have, the better you will be. The competition is going to be very even because there are eight teams which are capable of making it to the semi-finals. There will be a lot of close games."
India are placed in Group B with former champions Sri Lanka, Bangladesh and debutants Bermuda, with the top two sides advancing to the Super Eight stage. They open their campaign against Bangladesh on March 17.
"There is good balance in the squad. There is youth, experience and variety in batting and bowling which give us a good chance and confidence to perform well, no matter what the conditions are," said Chappell.
"We can do all the preparations, but in the end it boils down to execution. It is really going to be our performance on a given day that will count. No matter what plans we make, executing them is important."
The former Australian Test skipper said fielding would be key in the mega-event.
"In the last few games, our fielding has been quite good," said Chappell, whose team recently won one-day home series against the West Indies and Sri Lanka.
"The positive side of having seniors in the side is that we have the experience of some 1,900 one-dayers in the group. That will offset any deficiency we might have (in fielding)."