This is the fourth and final phase in an investment’s life cycle. The realisation phase makes sure the investment's expected benefits and outcomes are achieved.
The activities in the Investment realisation phase focus on:
- normal monitoring and reporting of business performance
- making sure the investment meets Ministers’ expectations.
Business-as-usual operations
The new capability, asset or business change is now part of everyday business.
Check the investment's benefits
Review the benefits and outcomes expected from the investment.
- Did the investment deliver the stated benefits and outcomes?
- Have the benefits and outcomes been delivered in the agreed timeframe?
- Is the investment optimised to realise full public value?
You will need to have adequate benefit realisation progress reporting in place. This should be appropriate to the scale of the investment.
Operation and benefits realisation review
High-risk investments need to contact the Gateway Unit who will facilitate an Operation and benefits realisation review. This is optional for medium and low-risk investments.
Capture and share lessons learned
You will need to capture lessons learned from the investment. These are then made available for agency and system-wide reviews to support:
- continuous learning and improvement, and
- better investment decision-making in the future.
The Treasury, along with the system leads and monitoring agencies, will also capture lessons learned as appropriate from reviews.