Where’s the individual who built the last version? Somewhere else probably, and busy. So what do you do?
Once the modeller understands how a particular area of a business works commercially, it is much more straightforward to create a spreadsheet model.
Both learning methods are continually compared and contrasted, and both have their fervent-supporter camps. But one has to be better than the other, right??
You may know the feeling, or probably will at some point. That tensing of the stomach, sinking and slightly sick feeling when you spot the mistake
The oil and gas industry is not good at managing price downturn cycles. Shareholders use short-term criteria to reward top management.
Traditional carrot-and-stick motivational methods paralyze workers, and stymie creativity and productivity
“In the world of modelling, once credibility is lost through errors, it is very difficult if not impossible to get it back.”
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.
“Bad negotiators can cause significant financial loss to their company and also reputational damage”