“If you want to make enemies, try to change something” Woodrow Wilson Despite what we modelling geeks might like to think, people are both rational and emotional. Which makes standardised modelling practices difficult to implement. Our ebook ‘How to Standardise Modelling’ helps modellers understand some of these challenges Psychologist Jonathan Haidt likens our emotional side… Read more →
The article below is taken from our new ebook: Managing Modelling – How to run an effective modelling team – you can download the full ebook here. Modelling should be a collaborative team-based activity, not an individual activity. Building team spirit and a collaborative environment is fundamental to the role of a financial modelling manager…. Read more →
In “Beyond the FAST Standard: adventures in enterprise reporting and analysis”, Kevin and Andrew will explore with you what it is like to break the rules but retain the spirit and the philosophy of a modelling standard.
I was surprised at the variation in the results submitted. It highlighted to me the scope for misinterpretation and error in the calculation of something as apparently simple as an NPV.
Here are some signs that a model ‘smells’, that should be obvious within a minute of opening.
Standards in themselves do not promote good or best practice. They simply promote a way of doing things that is commonly understood by the community that chooses to adopt them.
A flexible financial model will be able to evolve to meet the changing requirements of business rather than dying as its environment changes.
Can one model do everything?