A company is considering the replacement of its outdated information system.

Which of the following are appropriate approaches for the company to take to assess the potential qualitative benefits of a replacement information system?

(1) Ignore the qualitative benefits that may arise because there is too much subjectivity involved in their assessment.

(2) Attempt to attribute monetary values to each of the qualitative benefits identified.

(3) Acknowledge the existence of qualitative benefits and attempt to assess them in a reasonable manner that is acceptable to all parties.

(4) Attempt to express qualitative benefits in general terms linked to a hierarchy of organizational objectives.