Lab Exercise 1.1: Implementation Planning
- 1. Download the file ImplementationPlanning.pdf and work through the step-by-step planning tutorial for either a fictitious or real project within your organisation.
Chapter 1 Introducing Model Implementation with the Building Block Method
This chapter introduces the building block approach. Any known financial instrument from the most simple to the most complex and esoteric can be put together from a small set of atomic components. With traditional data models you need to extend your data model every time you get a new unexpected combination of features. Then you need to develop new valuation and risk models for the new type of instrument. With the building block approach neither of the two steps ...
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