“In the world of modelling, once credibility is lost through errors, it is very difficult if not impossible to get it back.”
Author: Stephen Daniels
In business as much as life in general, things rarely go to plan and so it is valuable for an organisation to be able to reassess the budget and forecast and then determine what impact that will have.
“There is no software to my knowledge that can help with conceptual testing. For the moment we must continue to rely on our own intelligence and understanding.”
“The Finance function is only being invested in when its failures are severely hurting the business”
People go on modelling courses to improve their modelling skills. Assuming the course is any good they will come back modelling fit, fired up and ready to do great modelling deeds. But how much thought goes into the environment to which they return?
“I have been looking at around 1,000 versions of pretty much the same model, prepared at huge expense by different organisations”
Here’s a day in my life as a project finance financial advisor once we have achieved modelling Nirvana
“After years of pain and anguish – suddenly I had found a new way”
“Had it been a FAST model, the issue would have been spotted quickly”