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If a project is expected to have a higher than average risk, what input into the NPV formula could be changed to account for this?

If a project is expected to have a higher than average risk, what input into the NPV formula could be changed to account for this? In other words, what can you change to calculate a more conservative estimate for NPV?
\table[[a),\table[[Increase the number of periods for the project (assume the project is expected to have positive cash],[flows in later years).]]],[b),Increase the I/Y% for the duration of the project.],[c),Shift the expected cash inflows from the project from Year 4 to Year 2.],[d),Decrease the initial cash outlay at the start of the project.]]
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