Business & finance
Find models that represent the various aspects of a business, such as its operations, marketing, and sales. Financial modeling involves using historical financial data and other relevant information to create projections of future financial performance, such as revenue, expenses, profits, and cash flow.
These analyses can help you plan for the future, make investment decisions, evaluate the impact of different business scenarios, understand how different factors affect overall performance, and identify areas where you can improve efficiency and profitability for yourself or your organization.
Is risk assessment risky business?
As if risks in general weren’t enough, the question is now about the quality of the risk assessment itself. Even more daunting, lists of ‘mistakes in risk assessment’ have been ...
Operational risk (OR) scenario analysis: if modeling processes & systems are difficult, try people
Operational risk scenario analysis may sound like a mouthful, but here’s what it’s all about. Firstly, operational risk is the risk to a business of loss from processes, systems ...
Business process re-engineering: what’s old is new again
Many business philosophies rise and fall in popularity, and business process reengineering (BPR) is one of them. Publicized and promoted in the early 1990s, its fundamental ...
Decision support software limitations & how to overcome them
Spending money on decision support software may not be the issue; even if getting value for money is typically a priority. Accepting that decision support software may not be ...
Financial modeling & the speculator with deep pockets
In the financial modeling of global business, the perfect market is well-known paradigm. This is a market in which buyers and sellers have full information about the good or ...
Business impact analysis for disaster recovery planning & beyond
Business impact analysis (BIA) is a stage in the disaster recovery planning process, in which organizations seek to prepare for business interruptions with a plan to surmount ...
Business modeling: keeping up with a moving target
Tomorrow, today’s business model will be yesterday’s. Behind that self-evident observation lies an uncomfortable fact. The rate of change of such models has accelerated over ...
Business modeling: the sandbox theory & cybernetics
In IT, the term ‘sandbox’ is used to denote a computing environment specifically designed for experimentation or test of a program, without the risk of malfunction then affecting ...
