It is extremely difficult to estimate the revenues and costs associated with large complex projects that take several years to develop.This is why subjective judgment is recommended for such projects instead of cash flow analysis.

Question

Quizplus · Accepted Answer

While estimating revenues and costs for large, complex projects is indeed challenging, cash flow analysis, along with other objective financial models, is crucial for making informed decisions. Subjective judgment can complement these analyses but should not replace them.

It Is Extremely Difficult to Estimate the Revenues and Costs