Company JJJ is considering an investment project with an initial outlay of $500,000. The project is expected to generate cash flows of $150,000 per year for the next five years. After thorough market research and analysis, the company's financial team estimates that the project has a 70% chance of success and a 30% chance of failure due to unforeseen market conditions. Discuss how the company can incorporate this uncertainty into its investment decision-making process, considering factors such as risk management strategies, sensitivity analysis, and scenario planning.