Course Information

Day 1

	(30 min) Review of business model (PlanVR) and economic model (EconVR) relationship
	(60 min) General Introduction to EconVR, PortfolioVR and the Financial Modeling Language
	(90 min) Exercise 1 – Construction of royalty/tax fiscal model with EconVR
	(120 min) Exercise 2 – Construction of Portfolio model with PortfolioVR

Each class day includes a one hour lunch and two 15 minute coffee breaks, both morning and afternoon.

You will learn how to: Create fiscal models with EconVR and portfolio models with the PortfolioVR software. The course will provide you with a fundamental understanding of the structure and modeling language used in both EconVR and PortfolioVR. Following the course you will be able to build fiscal models for any set of terms, Production Sharing, Risk/Service Agreement, Tax/Royalty. At the end of the course participants will understand the EconVR and PortfolioVR model structure and be able to use the FML language. However, the course will not cover any fundamental fiscal modeling theory.

The course includes an overview of the modeling tools available in EconVR and PortfolioVR to create economic models and portfolio models. Introduction and training in the use of the FML (Financial Modeling Language) is an important part of the course and essential for building both Project Economic and Portfolio Models.

By presenting the user with hands-on exercises to create simple economic and portfolio models, the user will acquire the fundamental understanding necessary to build more complex models. However, although two exercises are included, the objective is only to provide the participants the tools needed to build “real life” models. 2-3 days of additional “hands on” experience is normally required to become an efficient user.

Prior attendance of the “Fundamental PlanVR” course is strongly recommended.