FWPA has developed this Benefit Assessment and Reporting Plan in order to provide feedback to the FWPA Board, FWPA staff and external stakeholders about the returns of FWPA’s project portfolio.
The Plan aims to produce the following outcomes:
- Increase focus on projects that deliver impact via:
– Productivity changes
– Demand changes
– Social/environmental/economic benefits - Provide a project ROI guidance that allows comparison between external third parties for a sample of FWPA’s programs/projects.
- Provide a social/environmental/economic evaluation structure for assessment and reporting.
- The ability to calculate project ROI in a systematic and timely basis rather than relying on a 5-year evaluation cycle.
- The ability to monitor the timing and value of the benefits derived from FWPA’s projects in an ongoing manner.
- Managing and reporting on portfolio balance considerations that are informed by potential industry benefits.
