3.9  Preferred Option

There is no magic formula that will deliver an obvious preferred option for every options and investment appraisal.  Sometimes the choice is easy but in other instances the choice may be between a high benefit/high cost option and a low benefit/low cost option.

The optimal solution will depend on the organisation's priorities at the time the decision is made.  Ranking will need to consider costs, financial benefits, non quantifiable benefits, sensitivity and risk.  There may also be a political dimension to be taken into account.

(GR2) revisit to check that preferred option still valid

(GR2) is the preferred option still value for money?