Sensitivity analysis: Group of answer choices is used for projects that cannot be analyzed by scenario analysis because the cash flows are unconventional. is generally conducted prior to scenario analysis just to determine if the range of potential outcomes is acceptable. looks at the most reasonably optimistic and pessimistic results for a project. illustrates how an increase in operating cash flow caused by changing both the revenue and the costs simultaneously will change the net present value for a project. helps identify the variable within a project that presents the greatest forecasting risk.