This text takes a detailed and practical approach to what a model should do, how it should be structured, what it should contain and how to check the model and sort out problems.

The book is filled with suggestions on how to build your model from the ground up, so that the model is robust enough to accomodate virtually all types of sensitivity request. By following the guidelines in the book, you will significantly reduce the number of times you will say "the model can't do that".

The book comes in 4 volumes, the first giving an overview of modelling for project finance, the second explains the different model sections and suggestions for the optimal layout eg: tax, cash, debt, Balance Sheet, etc. The third section gives tips on debugging (who has time?) and presentation. The final section presents a sample model for review.

I highly recommend this book. I can say that the tips and tricks learned from this book have saved me countless hours of sleep AND possibly many problems with my models.

If you are a serious project finance modeller, you should consider taking the author's 3 day course covering similar material. With the course AND this book, you might actually get a life. Both are well worth the money.