The Benefits Realisation Review is a critical document used in New Zealand's project governance framework to assess whether intended benefits from investments and initiatives have been achieved. This review type is essential for organizations seeking to demonstrate accountability, learn from experience, and improve future benefit delivery. The document typically follows completion of major projects or at key milestone points in ongoing programs, providing a structured evaluation of benefits achieved against those promised in the original business case. It must comply with New Zealand legislative requirements, including the Public Finance Act 1989 and State Sector Act 1988, particularly for public sector initiatives. The Benefits Realisation Review includes comprehensive analysis of financial and non-financial benefits, stakeholder impacts, and recommendations for optimizing future benefit delivery.
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1. Executive Summary: High-level overview of the review findings, key benefits realized, and main recommendations
2. Introduction: Context of the review, including project background and review objectives
3. Review Methodology: Description of the approach used to conduct the benefits review, including data collection methods and analysis framework
4. Original Benefits Case: Summary of the benefits that were originally promised or expected from the project
5. Benefits Assessment: Detailed analysis of each benefit, comparing planned versus actual outcomes
6. Financial Analysis: Review of financial benefits realized, including cost savings and revenue improvements
7. Non-Financial Benefits: Analysis of qualitative and quantitative non-financial benefits achieved
8. Key Findings: Summary of main discoveries and insights from the benefits review
9. Lessons Learned: Insights and learnings from the benefits realization process
10. Recommendations: Specific actions recommended to enhance future benefits realization
1. Stakeholder Analysis: Analysis of how different stakeholder groups have been impacted by the realized benefits - include when multiple stakeholder groups are affected
2. Risk Assessment: Evaluation of risks to sustained benefit realization - include for complex or high-value projects
3. Environmental Impact: Assessment of environmental benefits or impacts - include when environmental outcomes were part of project objectives
4. Cultural Considerations: Analysis of cultural impacts and benefits, particularly regarding Treaty of Waitangi obligations - include when relevant to M膩ori interests
5. Technology Benefits: Specific section on technology-related benefits - include for IT or digital transformation projects
6. Change Management Effectiveness: Assessment of how change management contributed to benefits realization - include for major organizational change projects
1. Benefits Tracking Matrix: Detailed matrix showing all benefits, their metrics, targets, and actual achievements
2. Financial Data Analysis: Detailed financial calculations and analysis supporting the benefits assessment
3. Stakeholder Feedback Summary: Compilation of feedback from key stakeholders about realized benefits
4. Performance Metrics: Detailed performance data and metrics used to measure benefits
5. Project Timeline: Timeline showing key milestones in benefits realization
6. Supporting Documentation: Key documents referenced in the review
7. Interview Findings: Summary of interviews conducted during the review process
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