PRJM6005: Benefits Realisation Plan for WA Schools PPP

This document presents a Benefits Realisation Plan for the WA Schools Public Private Partnership (PPP) Program, addressing the assignment requirements for PRJM6005 at Curtin University. The plan outlines assumptions, identifies the problem or opportunity, and details the benefits to be achieved, including better education, time efficiency, cost efficiency, and improved operational designs. Each benefit includes key performance indicators (KPIs), verification sources, responsible persons, and potential risks. The report provides a comprehensive framework for achieving strategic objectives within the WA Schools PPP Program, aligning with program management processes and benefits management theory, as required by the assignment brief. The student has effectively analyzed the project and created a plan to improve the outcomes for the program.

PROJECT MANAGEMENT PROGRAM
Program and Portfolio Management (PRJM 6005) Assignment 2 Template
BENEFITS REALISATON PLAN TEMPLATE
Program Title: WA Schools Public Private Partnership Program
Assumptions: (5 marks)
 The projects are on the verge of completion
 The projects have been performing well
 The projects are on track
Problem or Opportunity Statement: (5 marks)
 Although the different school projects which have been undertaken seem to be performing well, it is integral to note that, the projects have been
facing certain issues whereby it is not being able to successfully turn out to be as successful as it was planned for earlier. Therefore, the benefits
plan will aim to design the manner in which the different Benefits can be achieved for the firm and the Key performance Indicator can be utilised
by the program.
©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
Project 1 (30 Marks)
Project Name: Woodland Grove
Better education in the
area
50% higher literacy rate
in the region by a span of
2 years
The school records The auditor Low admission rates
Higher fees
Lack of adequate
training staff
To ensure 100% literacy
rate in the area or the
locality
Higher returns on the
investment
20% higher revenues in
the next 3 years
The school financial
statements
The auditor and the
accountant of the school
Competition from other
schools
Fees and infrastructure
issues
The strategic objective
which can be achieved is
ensuring high returns and
consistent business
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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
Lack of right teacher
and staff
growth.
Efficiencies in the
educational departmental
Improvement in service
delivery rate by 30% in
the coming 3 years
The annual reports of the
school
School head and auditor Infrastructure issues
Funding issues
Execution issues
Achieving better
financial efficiencies and
better service efficiency
as well
Project 2 (30 Marks)
Project Name: Alkimos Beach
Better educational
opportunities
The overall educational
condition of the country
side
The annual report of the
region
School head Infrastructure issues
Funding issues
Achieving value for
money for the assets
which are readily
©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
Lack of right teacher
and staff
available
Higher efficiency The service delivery
quality needs to be
improved by 20% every
year in the next 3 years
The reports of the
individual projects
Auditors Higher fees
Lack of adequate
training staff
Funding issues
Achieving cost
efficiencies which will
ensure that the firm is
being able to achieve
overall efficiency
Development of the
economy
The economic efficiency
needs to be improved by
10% in the next 3 years
The economic
development report
Town developers Fees and infrastructure
issues
Lack of willingness
from the students
Achieving functional
efficiency which will
make the development
faster and better
©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
Lack of opportunities
Project 3 (30 Marks)
Project Name: Hammond Park
Time efficiency 20% better results in the
coming 3 years
Annual educational
report
Auditor Operational barriers
Funding issues
Staff issues
Achieving time
efficiency and ensuring
that all the goals of the
project can be achieved
adequately
Cost efficiency ROI at the rate of 20% in
the next 3 years
Financial statements of
the school
School manager Infrastructure barriers
Lack of adequate
Undertaking cost and
overall operational
©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
facilities
Laws and permit errors
efficiency
Better functional and
educational designs
Better operational
efficiency increased by
30% in the next 3 years
Operational efficiency Management Issues relating to the
employees
Fund issues
Problems relating to
planning
Engaging in overall
organizational and
operational efficiency.
©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
Resources
Chandra, Prasanna. Investment analysis and portfolio management. McGraw-Hill Education, 2017.
Smith, Chris. "Portfolio Management." Wiley Encyclopedia of Management (2015): 1-3.
Stettina, Christoph Johann, and Jeannette Hörz. "Agile portfolio management: An empirical perspective on the practice in use." International Journal
of Project Management 33, no. 1 (2015): 140-152.
Western Australian Auditor General (OAG). 2018. WA Schools Public Private Partnership Project. Perth, West Australia: OAG
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SCHOOL OF DESIGN AND THE BUILT ENVIRONMENT
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