Читать книгу See-Through Modelling - Dominic Robertson - Страница 6

For the purposes of this book I am assuming that there is a PFI project company in which financial close has occurred and the lenders and shareholders have handed over the capital to fund the construction of the asset.

The construction company then delivers the finished piece of infrastructure after the planned construction period and the directors and managers of the project company are left with the maintenance and management of the project for the next 25 years or so.

All companies, whatever industry they operate within, find themselves in an analogous situation to the PFI project company, albeit possibly over longer time horizons.

The maintenance and management of the project leaves the directors with a few problems to overcome, namely:

 Changing commercial objectives

 Limitations of the financial close model

 The practicalities of operating a project

 Balancing the interests of shareholders and lenders

 Reinvention of modelling methods

 What accountants can and cannot do

 Human error.

Let’s look at these problems in more detail now.