Perhaps you’ve encountered the playful question: If you were stranded on a desert island, what single item would you choose to have with you? Now, let’s consider a more business-oriented scenario: If you were heading to a crucial project meeting and were allowed only one document, what would it be? My choice is the financial model. Why, you may wonder? I firmly believe that a financial model should be crafted to make it as accessible as any other project document.

What makes the financial model so valuable is its ability to encompass all the critical contracts associated with the project, painting a comprehensive picture of the expected outcomes under different circumstances. But that’s not all; it’s a dynamic document, much like the newspapers in the Harry Potter series, where wizards read newspapers filled with moving and dynamic content.

Similarly, a well-structured financial model doesn’t just narrate the project’s story; it also empowers you to explore various scenarios in real time with a simple click.

Imagine the power of being able to instantly adapt and visualize the project’s financial health, all through a single document. This ability to assess and strategize on the fly is why it would undoubtedly be the financial model if I had to choose only one document.

If you want to learn how to build well-structured financial models like this, check out my free online course, ‘Project Finance Spreadsheet Design.’

https://hedieh-s-school.thinkific.com/courses/Projectfinancespreadsheetdesign