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 often used for such projects along with discounted cash flow analysis.

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Large, complex projects involve uncertainty and multiple variables that can affect the final outcome. Therefore, it is difficult to estimate revenues and costs accurately. To address this issue, subjective judgment is often used along with discounted cash flow analysis.

It Is Extremely Difficult to Estimate the Revenues and Costs