Functional Economic Analysis (FEA)
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