Investment delivery is the third phase in an investment’s life cycle. In this phase you produce the expected capability, asset or business change as agreed in the business case and approved by decision-makers.
The activities in the delivery phase depend on the type of capability, asset or business change that will be produced. The focus is to make sure Ministers’ expectations are met through successful delivery of the investment. You should use a delivery method that suits the investment.
Manage and produce the investment
Use proven good practices suitable to the nature of the investment and your organisational context and capability to deliver the investment. This includes provision of appropriate governance, oversight and project management.
The delivery phase is successful when the capability, asset or business change:
- is produced and transitioned into everyday business
- delivers the benefits and outcomes identified in the business case.
Report any changes that will breach tolerances
The Cabinet Minute (or your business case) will record the investment's allowable tolerances for:
- cost
- scope
- timeframe, and
- benefits.
Let us know (and where appropriate Ministers or Cabinet) if the investment forecast indicates there will be a breach of any tolerance. This may include updating the business case.
Cabinet approvals
Cabinet (or the portfolio Minister or Chief Executive) approval is needed for:
- a new business case for funding of a new tranche of work
- an updated business case due to a tolerance breach or significant change that will cause a tolerance breach.
Gateway reviews
High-risk investments need to complete a Gateway Review 4 – Readiness for service.
Gateway reviews are optional for medium and low-risk investments.
System leads and monitoring agencies
During the delivery phase the system leads will provide assurance and advice for their own areas of accountability. Your monitoring agency (if you have one) will provide oversight of agency performance.
Both system leads and monitoring agencies will:
- raise any significant issues or concerns with your chief executive
- give second opinion advice and assurance to the relevant Minister(s).
Investment Management System roles and requirements