We have taught analysts from hundreds of companies to build financial models. Financial modelling proficiency requires skills that take time to acquire, develop and perfect. Sometimes the difficulties students have are related to how to build their model. More often, difficulties relate to what it is they need to model. Once the modeller understands how… Read more →
Tag: Model build
Building financial models is an inherently difficult and complex task. Most guidance on managing the model build process recommends a traditional life-cycle approach of Specify, Design, Develop, Test, Deploy. When applied to most financial modelling assignments this approach doesn’t work. It is too inflexible and relies on being able to fully specify the model at… Read more →
The deal was done many months ago, the sipping of champagne at financial close and the after deal party feel a very very long time ago. The financial advisors were long ago paid and disappeared off into the sunset. But for some in the project finance world, that is not the end. It is just… Read more →
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.
The F1F9 approach (using the FAST Standard) is so simple and so effective that I found myself questioning why nothing like this had happened earlier.
“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”
“Nobody likes my answer – which is to rebuild the model using a modelling standard”
“There is nothing more embarrassing than a model that flies of the handle at the slightest provocation”