Last edited 08 Jan 2021


Guide to developing the project business case, Better business cases: for better outcomes, published by HM Treasury in 2018, suggests that ‘assessment’: ‘May refer to either an appraisal or an evaluation.’

Where an appraisal is: ‘…the process of defining objectives, examining options and weighing up the relevant costs, benefits, risks and uncertainties before a decision is made.’

And an evaluation is: ‘…the systematic assessment of an intervention, its design, implementation and resulting outcomes both during implementation and most importantly afterwards.’

In the construction industry, types of assessment might include:

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