Defining the Problem 

What problem are you trying to solve?

What are the main impacts of the problem?

 

Predictions/Recommendations 

What predictions or recommendations are being made?
Identify prediction variables (X) and objectives (Y)

 

Data Acquisition 

What data sources are available?

Is there enough data? Can it be used?

 

Modeling 

What are the appropriate models according to the predictions/recommendations described in item 2?

List the most relevant ones.

 

Model Assessment 

How will model performance be evaluated?

Define the success criteria.

 

Data Preparation 

What transformations will be required to tailor the available data to run the chosen models and achieve the expected outcome?