Cover -- Contents -- Series Foreword -- Acknowledgments -- Introduction -- I High-Level Overview -- 1 Flexible Design -- 2 Recognition of Uncertainty -- 3 Flexibility Can Increase Value -- II Methods of Analysis -- 4 Phase 1: Estimating the Distribution of Future Possibilities -- 5 Phase 2: Identifying Candidate Flexibilities -- 6 Phase 3: Evaluating and Choosing Flexible Designs -- 7 Phase 4: Implementing Flexibility -- 8 Epilog: The Way Ahead -- Appendix A: Flaw of Averages -- Appendix B: Discounted Cash Flow Analysis -- Appendix C: Economics of Phasing -- Appendix D: Monte Carlo Simulation -- Appendix E: Dynamic Forecasting -- Appendix F: Financial Options Analysis -- Notes -- Bibliography -- Index.