2.5 Concluding Comments
This chapter has described how to identify and value all the relevant costs and benefits that fall within the appraisal period. Where costs and benefits have been identified but cannot be easily measured in monetary terms, these are excluded from the quantitative analysis detailed in chapter 3. Nonetheless, these intangibles can impact on the decision making process and the selection of the preferred proposal. Chapter 4 describes qualitative and other analysis techniques that can be used to ensure that such intangibles and uncertainties are factored into the decision making process.
