Physico-chemical modelling and predictive simulation are becoming key for modern process engineering. Rigorous models rely on the separation of different effects (e.g., fluid dynamics, kinetics, mass transfer) by distinct experimental parameter determination on lab-scale. The equations allow the transfer of the lab-scale data to any desired scale, if characteristic numbers like e.g., Reynolds, Péclet, Sherwood, Schmidt remain constant and fluid-dynamics of both scales are known and can be described by the model. A useful model has to be accurate and therefore match the experimental data at different scales and combinations of process and operating parameters. Besides accuracy as one quality attribute for the modelling depth, model precision also has to be evaluated. Model precision is considered as the combination of modelling depth and the influence of experimental errors in model parameter determination on the simulation results. A model is considered appropriate if the deviation of the simulation results is in the same order of magnitude as the reproducibility of the experimental data to be substituted by the simulation. Especially in natural product extraction, the accuracy of the modelling approach can be shown through various studies including different feedstocks and scales, as well as process and operating parameters. Therefore, a statistics-based quantitative method for the assessment of model precision is derived and discussed in detail in this paper to complete the process engineering toolbox. Therefore a systematic workflow including decision criteria is provided.