Support PM on efforts to develop scalable, efficient, automated solutions for large scale Data Analyses, Model Development, Model Validation, and model implementation.



More Uses of the Model Validation Toolkit:




• Perform Model Validation review, establishing performance thresholds, researching model approaches, or creating alternative models.
  
  

• Devise: continuously engage in Model Validation and ensures accuracy and relevance of the models being applied is effective in the current economic and Market Environment.
  
  

• Organize: conduct Process Control and Model Validation.
  
  

• Collaborate with and support Front Office Trading, Technology Partners, and Model Validation/Governance teams.
  
  

• Perform historical Data Validation, Model Validation, and portfolio back testing.
  
  

• Supervise: AML Model Validation / audit consulting.
  
  

• Head: Model Risk analysis and Model Validation.
  
  

• Develop and embed automated processes for predictive Model Validation, deployment, and implementation.
  
  

• Establish scalable, efficient, automated processes for large scale Data Analysis, Model Development, Model Validation and model implementation.
  
  

• Be accountable for establishing efficient, automated processes for large Data Analyses, Model Development, Model Validation and model implementation.
  
  

• Carry out and document independent Model Validation in line with regulatory.
  
  

• Formulate: conduct compliance Model Validation.
  
  

• Initiate: design and build scalable, efficient and automated processes for large scale Data Analysis, Machine Learning Model Development, Model Validation and servings.
  
  

• Warrant that your group oversees the association Internal Control programs, Vendor Management and Model Validation programs.
  
  

• Support Model Validation process for Anti Money Laundering (AML) models.
  
  




 



Save time, empower your teams and effectively upgrade your processes with access to this practical Model Validation Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any Model Validation related project.



Download the Toolkit and in Three Steps you will be guided from idea to implementation results.



The Toolkit contains the following practical and powerful enablers with new and updated Model Validation specific requirements:



STEP 1: Get your bearings



Start with...




• The latest quick edition of the Model Validation Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.




Organized in a Data Driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…




• Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation




Then find your goals...



STEP 2: Set concrete goals, tasks, dates and numbers you can track



Featuring 999 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which Model Validation improvements can be made.



Examples; 10 of the 999 standard requirements:




1. What kind of crime could a potential new hire have committed that would not only not disqualify him/her from being hired by your organization, but would actually indicate that he/she might be a particularly good fit?
   
   

2. How do you quantify and qualify impacts?
   
   

3. What happens if you do not have enough funding?
   
   

4. What do you measure to verify effectiveness gains?
   
   

5. Is there a Model Validation Communication Plan covering who needs to get what information when?
   
   

6. What is the Model Validation business impact?
   
   

7. How do you foster innovation?
   
   

8. Does Model Validation analysis isolate the fundamental causes of problems?
   
   

9. Will Model Validation deliverables need to be tested and, if so, by whom?
   
   

10. What qualifications and skills do you need?
    
    




Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:




• The workbook is the latest in-depth complete edition of the Model Validation book in PDF containing 994 requirements, which criteria correspond to the criteria in...




Your Model Validation self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:




• The Self-Assessment Excel Dashboard; with the Model Validation Self-Assessment and Scorecard you will develop a clear picture of which Model Validation areas need attention, which requirements you should focus on and who will be responsible for them:
  
  


• Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix

• Gives you a professional Dashboard to guide and perform a thorough Model Validation Self-Assessment

• Is secure: Ensures offline Data Protection of your Self-Assessment results

• Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:





 



STEP 3: Implement, Track, follow up and revise strategy



The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Model Validation projects with the 62 implementation resources:




• 62 step-by-step Model Validation Project Management Form Templates covering over 1500 Model Validation project requirements and success criteria:




Examples; 10 of the check box criteria:




1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?
   
   

2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?
   
   

3. Project Scope Statement: Will all Model Validation project issues be unconditionally tracked through the Issue Resolution process?
   
   

4. Closing Process Group: Did the Model Validation Project Team have enough people to execute the Model Validation Project Plan?
   
   

5. Source Selection Criteria: What are the guidelines regarding award without considerations?
   
   

6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Model Validation Project Plan (variances)?
   
   

7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?
   
   

8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?
   
   

9. Procurement Audit: Was a formal review of tenders received undertaken?
   
   

10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?




 
Step-by-step and complete Model Validation Project Management Forms and Templates including check box criteria and templates.



1.0 Initiating Process Group:




• 1.1 Model Validation project Charter

• 1.2 Stakeholder Register

• 1.3 Stakeholder Analysis Matrix




2.0 Planning Process Group:




• 2.1 Model Validation Project Management Plan

• 2.2 Scope Management Plan

• 2.3 Requirements Management Plan

• 2.4 Requirements Documentation

• 2.5 Requirements Traceability Matrix

• 2.6 Model Validation Project Scope Statement

• 2.7 Assumption and Constraint Log

• 2.8 Work Breakdown Structure

• 2.9 WBS Dictionary

• 2.10 Schedule Management Plan

• 2.11 Activity List

• 2.12 Activity Attributes

• 2.13 Milestone List

• 2.14 Network Diagram

• 2.15 Activity Resource Requirements

• 2.16 Resource Breakdown Structure

• 2.17 Activity Duration Estimates

• 2.18 Duration Estimating Worksheet

• 2.19 Model Validation project Schedule

• 2.20 Cost Management Plan

• 2.21 Activity Cost Estimates

• 2.22 Cost Estimating Worksheet

• 2.23 Cost Baseline

• 2.24 Quality Management Plan

• 2.25 Quality Metrics

• 2.26 Process Improvement Plan

• 2.27 Responsibility Assignment Matrix

• 2.28 Roles and Responsibilities

• 2.29 Human Resource Management Plan

• 2.30 Communications Management Plan

• 2.31 Risk Management Plan

• 2.32 Risk Register

• 2.33 Probability and Impact Assessment

• 2.34 Probability and Impact Matrix

• 2.35 Risk Data Sheet

• 2.36 Procurement Management Plan

• 2.37 Source Selection Criteria

• 2.38 Stakeholder Management Plan

• 2.39 Change Management Plan




3.0 Executing Process Group:




• 3.1 Team Member Status Report

• 3.2 Change Request

• 3.3 Change Log

• 3.4 Decision Log

• 3.5 Quality Audit

• 3.6 Team Directory

• 3.7 Team Operating Agreement

• 3.8 Team Performance Assessment

• 3.9 Team Member Performance Assessment

• 3.10 Issue Log




4.0 Monitoring and Controlling Process Group:




• 4.1 Model Validation project Performance Report

• 4.2 Variance Analysis

• 4.3 Earned Value Status

• 4.4 Risk Audit

• 4.5 Contractor Status Report

• 4.6 Formal Acceptance




5.0 Closing Process Group:




• 5.1 Procurement Audit

• 5.2 Contract Close-Out

• 5.3 Model Validation project or Phase Close-Out

• 5.4 Lessons Learned




 



Results



With this Three Step process you will have all the tools you need for any Model Validation project with this in-depth Model Validation Toolkit.



In using the Toolkit you will be better able to:




• Diagnose Model Validation projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices

• Implement evidence-based Best Practice strategies aligned with overall goals

• Integrate recent advances in Model Validation and put Process Design strategies into practice according to Best Practice guidelines




Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.



Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'



This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Model Validation investments work better.



This Model Validation All-Inclusive Toolkit enables You to be that person.



 



Includes lifetime updates



Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.