Options Appraisal

An options appraisal is the process of assessing different options or courses of action in order to make a decision about which option is best. The options appraisal process involves identifying the objectives, constraints, and criteria that will be used to assess the options; generating and evaluating a range of potential options; and selecting the option that best meets the objectives.

The options appraisal process is an important tool for procurement decision-making, as it allows organizations to identify and assess the risks and benefits associated with different options before making a final decision. By taking the time to appraise all available options, organizations can ensure that they are making the best possible decision for their needs.