What is a Gateway Review?
How do you know if your investment is on track to deliver the benefits for the costs allocated?
Gateway Reviews are designed exactly for that purpose.
A Gateway Review is not a “test” that a project passes. It is an assessment of the likelihood that the project will succeed and importantly to identify areas of concern and recommended actions.
They are used to provide a level of confidence to the sponsor that the project is ready to progress to the next stage.
The following table is an example of the confidence level summary.
So why do one?
A Gateway Review identifies issues that may cause a project to fail and allows action to be taken. This is the quickest and most cost effective way to bring a project back on course.
It can also lead to some projects being cancelled or put on-hold if they are too far off track.
Gateway Reviews need to be undertaken by someone independent of the project who can provide timely and confidential advice about progress and likelihood of delivery success.
Please contact us for a chat to see how we can advise and help on the Gateway Review process.
Equal Bytes can assist with the implementation the Victorian Department of Treasury and Finance’s Investment Management Standard (IMS) Gateway Reviews.
We have 30+ years of business consulting experience and value building partnerships and understanding your business and its culture.
Contact Equal Bytes to learn how we can help you
0487 410 772
admin@equalbytes.com.au
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