|
2.4.4 : Final Investment Decision
(Revised 11/2009)
The final investment decision determines whether an investment opportunity is approved for funding and entry into solution implementation. The investment decision authority uses standard FAA selection criteria when making the decision. Decision authority members agree at the final investment decision what each will do to implement the solution. Commitments are included in the record of decision and tracked at all future program reviews.
Once segment of an approved complex investment program is successfully executed, the service organization conducts final investment analysis as prelude to a final investment decision for each subsequent segment of work.
2.4.4.1 : Entrance Criteria
(Revised 11/2009)
The following are required at the final investment decision:
- Final program requirements document;
- Final business case analysis report;
- Implementation strategy and planning document;
- Acquisition program baseline;
- Updated enterprise architecture products and amendments;
- Exhibit 300 and scoring results for designated programs;
- Recommended authority for the product demonstration and production decisions (if required) and the in-service decision.
2.4.4.2 : Investment Decision Authority Actions
(Revised 11/2009)
The investment decision authority (see Table 1.2.5-1) approves, disapproves, or modifies the recommendations in the final investment decision package. If the investment decision authority disapproves the recommendations, it returns the investment package with specific instructions for further work or terminates the effort. If the investment decision authority accepts the recommendations, it:
- Approves the investment program segment for implementation and delegates responsibility to the appropriate service organization;
- Approves the final requirements document, final business case analysis report, and implementation strategy and planning document;
- Approves the acquisition program baseline for variance tracking;
- Commits the FAA to funding of the program segment, as specified in the acquisition program baseline;
- Approves adjustments to FAA plans and budgets to reflect the investment decision;
- Designates the product demonstration and production (if applicable) decision authority and the in-service decision authority.
|
