- Know your financial goals and limits
- -Have a full understanding of both the CBA and the business's operations
- Use sound and defendable assumptions
- Consult with experts inside and outside the company if necessary
- Remember that changes to one CBA provision can effect on one or more other provisions of the contract
- Build a flexible model so that new proposals can be easily added and existing ones can be modified
- Garner trust at the table by being transparent and sharing basic assumptions and methodology
- Test the model extensively before using it in practice