What is Combined Operational Effectiveness Investment Appraisal (COEIA) ?
Combined Operational Effectiveness Investment Appraisal (COEIA) is a formal comparison of acquisition options on a cost versus effectiveness basis to satisfy a User Requirement. The COEIA is an integral part of the Investment Approvals Board (IAB) procedure as detailed in the SMART Approvals guidance. The Concept of Analysis (COA) for the COEIA is approved at Initial Gate with the full COEIA report submitted for approval at Main Gate. The COEIA may be considered an Investment Appraisal, used to assess the effectiveness of differing acquisition options in an objective and where possible, quantitative way. Its purpose is to select one of the acquisition options, before proceeding further. The COEIA ensures that significant factors which may be difficult or impossible to quantify but with a potential bearing on whole life cost [63KB DOC] or effectiveness are brought to the attention of decision makers – commonly referred to as Other Contributory Factors (OCFs).
