I failed the first time i did CA2 becuase i ran out of time, but passed the second time because i managed the time a bit better.
From what we were told, it doesn't really matter too much if you're model is particularly good, or even correct or complete. Almost all the marks are for the audit trail and summary, so you need to make sure you get these done, almost regardless of what state your model is in.
So my advice would be to work backwards in allocating your time - if you know how long its likely to take to do the audit trail and summary, you know how much time you have to work on the model itself. So get it in the best shape you can in that time, then force yourself to put it down and start the writing up of the audit trail and summary.
(From what I remember, for me this meant working on the model until the lunch break, (while making just a few notes for the audit trail and summary so I didn't forget things), then working on the written stuff for the whole afternoon - about 3 hours I think. But alot of the explanation stuff can be copied and pasted in both the summary and audit trail, to avoid duplicating effort).
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