To ascertain and critically evaluate how Investment Appraisal operated in the UK Public Sector.

Description of the Assessment
The assignment will have an introduction an evaluation and a conclusion. It will be referenced using the Harvard system. Background reading is essential for this task. You may select any part of the public sector such as local government, central government or the National health service or select a service within the sector such as transport for example. Alternatively you may wish to keep it general. Good examples should be provided to support your case.

Referencing and citations must be in accordance with the Harvard system.

You are required to critically evaluate the effectiveness of investment appraisal in the UK public sector together with its strengths and weaknesses.