Building Renovation Benefits Realisation Plan
This is a practical guide to building a benefits realisation plan for a building renovation project — how the project’s benefits will be measured and actually realised, adapted to the realities of renovating or refurbishing an existing building.
What a Benefits Realisation Plan is
A benefits realisation plan is how the project’s benefits will be measured and actually realised. For the full concept and how it works in general, see Benefits Realization. On a building renovation project it plays the same role, tuned to this kind of work.
Why it matters for a Building Renovation project
Building Renovation projects live or die on renovating or refurbishing an existing building. A well-built benefits realisation plan gives the team a shared, explicit reference for exactly that — reducing ambiguity, aligning stakeholders, and making problems visible early enough to act. Skipping it, or doing it generically, is how building renovation projects drift into avoidable delay and cost.
What to include
- Target benefits
- Metrics / KPIs
- Baseline values
- Owner
- Realisation timeline
Building Renovation-specific considerations
Tailor the benefits realisation plan to the risks that most often derail building renovation projects:
- Unknown existing conditions
- Occupied-site working
- Scope changes on discovery
Example
On a real building renovation project, the benefits realisation plan would be shaped by renovating or refurbishing an existing building. In particular, it should explicitly account for the project’s biggest risks — unknown existing conditions, occupied-site working, scope changes on discovery — rather than treating them as afterthoughts.