Both FAST Business Forecasting and Financial Modelling adhere to the FAST Modelling Standard’s set of rules; ensuring delegates on our training courses become skilled at all the techniques that make business forecasting and financial modelling a swift, reliable and rigorous process.
What is the FAST Modelling Standard?
The FAST Modelling Standard is a set of rules on the structure and detailed design of spreadsheet-based financial models.
This set of rules provides:
- A clear route to good model design for the individual modeller, and;
- A common style platform on which modellers and reviewers can rely when passing models amongst themselves.
FAST stands for:
FLEXIBLE Forecast design and forecasting techniques are adapted easily and quickly when new information becomes available.
ACCURATE Forecasts reflect key business assumptions directly and faithfully without being over-built or cluttered with unnecessary detail.
STRUCTURED Rigorous consistency in layout and organisation retaining a forecast’s logical integrity over time, even if a forecasts author may change.
TRANSPARENT Our forecasting approach is founded on simple, clear calculations that can be understood by other forecasters and non-forecasters alike.
