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Model Diligence in Aire

Model Diligence evaluates a project model against an investment diligence rubric and tells you where it holds up and where the gaps are, criterion by criterion. The rubric is not fixed. It resolves from two things you choose: the stage the project is at, and how proven the technology is, from a first-of-a-kind demonstration through to nth-of-a-kind. A concept-stage FOAK model is not asked the same questions as an NOAK project approaching financial close.

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Running an Evaluation

Start one from the Model diligence card on the project overview. It asks for three things first:
  • Stage. Where the project is in its life, which sets what the rubric expects to find.
  • Technology maturity. First-of-a-kind demonstration, first commercial, or nth-of-a-kind.
  • Scenario. Which version of the model to grade.
On a project nobody has assessed, none of the three is preselected. You choose what to grade rather than inheriting a default.

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What the Card Shows

The card lists the last three evaluations: when each ran, what it covered, and the verdict, each linking to its scorecard. A project nobody has assessed says so. It does not render as a pass, and it does not render as an empty card that could be read as one. A model that has never been graded and a model that was graded and found sound would otherwise look the same. The card also separates a run that is still going, one that failed, one that was interrupted, and one whose scenario has changed since it ran.

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Reading a Scorecard

Each run has its own address, so you can link to a scorecard and return to it. It records the verdict, the criteria behind it, and the scenario it graded. A scorecard covers one scenario as it stood when the run happened. Keep editing that scenario and the scorecard does not follow; the card marks one whose scenario has moved on.