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functional economic analysis (FEA)

A structured proposal that serves as the principal part of a decision package for enterprise leadership. It includes an analysis of functional process needs or problems; proposed solutions, assumptions, and constraints; alternatives; life-cycle costs; benefits and/or cost analysis; and investment risk analysis. It is consistent with, and amplifies, existing DoD economic analysis policy in DoD Instruction 7041.3.

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  • mf1967
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