The review and appraisal of a project leading to an investment decision, i.e. approval of a project for implementation, reject or defer a project, or revise and re-configure a project focuses on different aspects which should have been responded to by the PPP project's FS. Essentially project appraisal is one of the mechanisms for check and balance in allocating scarce LGU resources for projects, or in ensuring that the project is meritorious and will help achieve the government's goals and objectives. The elements for project appraisal are discussed in detail below.