Part IV: How Much

• How much risk can we afford to take?

• How does value offset risk?

• How can we realistically expect to assess the value (benefit) of a new project?

• How can we be certain that the value expected is actually received?

• How do we deal with value that is itself uncertain?

• What sense is there to a cost-benefit justification that attempts to compare an uncertain cost to an uncertain benefit?

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