Were all the costs and risks fully evaluated through a combined Operational Effectiveness and Investment Appraisal (COEIA)?
Source: A full investment appraisal will be carried out whenever a substantial investment is contemplated. A COEIA is a vital part of the decision-making process. Questions that scrutineers can be anticipated to ask include; have risks been evaluated, and are the proposals to manage risks sound (Smart Procurement Approvals, Edition 4, November 2000)? Conclusion Criterion partially met; the Department comprehensively evaluated the costs of the options and identified the risks but concluded that all of the risks could not be quantified in a full COEIA. The Department carried out an investment appraisal of the options put forward for STSA which comprehensively assessed the costs involved including support and other costs such as RAF manpower and training, fuel, navigation and landing fees, and the impact of flying hours. The results of the Investment Appraisal seemed to show that An-124 options would be far more cost effective than C-17 options, since they were both cheaper and more effec
