Where things can go wrong
Reconciliation and Value Conclusion
In professional judgment the conclusion is based on experience and judgment given the quality of information and the approaches applied.
In mathematical weighting specific weights are assigned to each approach and weighted average calculated
While concluding Value, all the methodologies must be considered and then weights applied as per the facts of the case. In other words, Value conclusion should be based on the Professional Judgement and Simple Average should best be avoided while concluding Value.