Appraisal
Guide to developing the project business case, Better business cases: for better outcomes, published by HM Treasury in 2018, defines appraisal as: ‘…the process of defining objectives, examining options and weighing up the relevant costs, benefits, risks and uncertainties before a decision is made.’
Guide for Effective Benefits Management in Major Projects, published by the Infrastructure and Projects Authority in October 2017, defines appraise as: ‘Assessment of the value or quality of different options against similar criteria.
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