Stages of modeling development

We divide the model development progressing into three stages, from the collection of data to modeling the economics of a project including a fiscal regime and project financing. These stages rely on a foundation of preparatory skills.

  • Foundation: Preparatory Skills
  • Building up the necessary Excel skills and understanding of the FAST modeling standard and other basic financial metrics used for decision making in the industry.

Each stage of model development has a specific output that forms the basis for the next stage. Thus, if a developer either cannot or does not want to proceed to the next stages, each can be a valuable output in its own right:

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