What type of process is the scope of work considered in an appraisal assignment?

In appraisal assignments, the scope of work is considered an ongoing process because it may evolve as the appraisal progresses. This involves continuous evaluation and adjustment based on feedback, additional data, or changes in the requirements of the assignment. As appraisers collect more information, they might refine their approach to accurately reflect the value being assessed.

This ongoing nature ensures that the appraisal aligns with the intended purpose and meets the necessary standards. The scope of work is not static, as it can change to adapt to new developments or insights during the appraisal process. It is also not finalized until the appraisal is complete, and it is not temporary, as it lasts for the duration of the assignment. This dynamic aspect of the scope helps ensure that the final appraisal is thorough and precise.