The verb appraise means to evaluate, especially in an official way in which a grade will be given or the value of something determined:
The noun form is appraisal, meaning an evaluation:
The verb apprise means to inform or notify. You can apprise (someone) of (some news). If your colleague Gina wasn’t at an important meeting, you will later need to apprise Gina of the decisions that were made at the meeting.
Another common structure is to say that (someone) is, was, or has been apprised of (the news):
keep me appraised