A simulation model, and more generically, a model, is founded on its assumptions. Assurance of the model’s correctness and correct use is needed to achieve accreditation. Often the exercise of working with a specific code misunderstands the overall process, focusing the resources on the model coding and forgetting the needed resources to ensure the validation of every step of the model definition and coding. The goal of this work is to present a methodology to help in the definition and use of the assumptions in the modeling process. To do so, we present a process to conduct a simulation project, an assumptions taxonomy, and a method that simplifies working with those assumptions. We propose to extend the traditional Validation, Verification, and Accreditation processes to a process composed of eight Validation, Verification, and Accreditation phases that cover the overall life cycle of a model. Although this paper is focused on a simulation model, we can extend the proposed method to a more general modeling approach.