Benefits Realisation Plan Template for WA Schools Public Private Partnership Project

PROJECT MANAGEMENT PROGRAM
Program and Portfolio Management (PRJM 6005) Assignment 2 Template
BENEFITS REALISATON PLAN TEMPLATE
Program Title:
WA Schools Public Private Partnership Project
Assumptions:
 Complete the project plan in scheduled timeline
 Open the primary and secondary schools by 2017 and 2023 respectively
 Complete the project in estimated budget
 Achieve both time as well as cost effectiveness into delivery of the program throughout economics of scale
 Meet with the project scope to design and develop the school
Problem or Opportunity Statement:
 Maximize the opportunity for the ecological sustainability initiatives which are taken throughout the operational phase
 Incorporate of sustainability into designing the facilities of the school
 Healthy and safer business environment for the users
 Higher quality of design as well as construction related outcomes
 Following flexible construction methodologies for innovative work
Benefits to be Achieved KPI for the Benefit KPI – Source for Verification Responsible Person for
assessing the Benefit
Risks that could prevent the
Benefit from being realised
(2 to 3 risks per benefit)
Strategic Objectives Supported
by this Benefit
Project 1
Project Name: Four primary schools construction
©CURTIN UNIVERSITY
SCHOOL OF DESIGN AND THE BUILT ENVIRONMENT
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PROJECT MANAGEMENT PROGRAM
Program and Portfolio Management (PRJM 6005) Assignment 2 Template
Benefits to be Achieved KPI for the Benefit KPI – Source for Verification Responsible Person for
assessing the Benefit
Risks that could prevent the
Benefit from being realised
(2 to 3 risks per benefit)
Strategic Objectives Supported
by this Benefit
Extraction of competitive
market as well as tender prices
Return on investment  Feedback from the
beneficiaries
 Report from the
centre activities
 Monitoring reports
 Tender documents
Market Researcher  Lack of research on
the operating
market
 High tender costs
for the project
 Lack of knowledge
to work on the
construction site
Gaining of 10% profit from
the construction work of the
school.
Finance in the procurement
processes
Cost of managing processes  Reports from the
procurement manager
 Media coverage
 Reports from the
centre activities
 Monitoring of the
procurement reports
Financial Officer  Lack of financial
resources into the
plan
 Lack of
procurement items
Proper finance management
plan is required for the project
work.
Minimization of asset
deterioration
Asset management  Asset management
report
 Federation reports
 Project plan reports
Project Manager  Lack of skills as
well as knowledge
to manage the
project assets
 Improper asset
management
Proper managing of the
project assets to meet with a
market share of 10%.
©CURTIN UNIVERSITY
SCHOOL OF DESIGN AND THE BUILT ENVIRONMENT
2

PROJECT MANAGEMENT PROGRAM
Program and Portfolio Management (PRJM 6005) Assignment 2 Template
Benefits to be Achieved KPI for the Benefit KPI – Source for Verification Responsible Person for
assessing the Benefit
Risks that could prevent the
Benefit from being realised
(2 to 3 risks per benefit)
Strategic Objectives Supported
by this Benefit
Project 2
Project Name: Three secondary schools construction
Tracking records to achieve
delivery on the time
Percentage of the tasks
completed
 Feedback from the
beneficiaries
 Report from the
centre activities
 Monitoring reports
 Tender documents
Project Manager  The project plan is
behind the schedule
 Lack of planning
 On time delivery of
the project is not
done
Completion of the project plan
by 100% within scheduled
time which is scheduled by
the project manager.
Effective structure for
transferring of construction
Resource utilization  Implementation
reports
 Signed agreements
 Monitoring reports
Construction Manager  Improper
organizational
structure
 Lack of project
management
 Not using project
management
approaches
Construction management is
done properly so that all
works are completed on time.
Managing risks to the facilities
management
Risk management  Local businesses and
government
Risk Manager  Improper
management of the
operational
All the risks are to be done so
that all the project facilities
©CURTIN UNIVERSITY
SCHOOL OF DESIGN AND THE BUILT ENVIRONMENT
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