From the course: Corporate Finance: Robust Financial Modeling
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Sustainable modelling
From the course: Corporate Finance: Robust Financial Modeling
Sustainable modelling
- So you're at the tail end of your financial modeling journey now. You've planned, designed, built and delivered your product to a standard that's worthy of a multi-billion dollar feat of engineering. But let me guess, you're the only one who knows how to drive your model, and you haven't even documented your work. I can see you clenching your teeth. Back in 2013 I was training a group of folks on financial modeling, and the topic of documentation came up. Documentation of a financial model pretty much captures the following: the business reasons the model has been developed, how to operate the model, where data has been sourced from, and lastly the key business rules and assumptions. So I decided to ask the group, "Who here enjoys documenting their work?" By the way, this is a question I'd asked roughly 60 people in my classes over the years, and to date, not one person had said yes. So I panned around the room,…
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