P-442 Economic Analysis Handbook  

The purpose of this handbook is to provide official Navy and Naval Facilities Engineering Command guidance on the preparation of:

• Economic analyses for proposed facility programs, projects and activities, and;
• Program evaluations of ongoing facility activities and proposed plans.

It is important to point out economic analyses and program evaluations serve very different purposes. Economic analyses are “pre-expenditure” analyses designed to assist a decision-maker in identifying the best new projects or programs to adopt. Program evaluations are “post expenditure” analyses designed to evaluate ongoing approved projects/programs to ensure that objectives will be attained in a cost effective manner, based on actual performance.