Port Revitalisation Programme – glossary

Contents

​​​​​​​​​Defining terms used within the Port Revitalisation Programme.

Portfolio Hierarchy

Project

A Project is a temporary organisation that is created for the purpose of delivering one or more business products. Usually a set of interrelated tasks to be executed over a fixed period to achieve a set of objectives.

Programme

A temporary flexible organisation structure created to coordinate, direct and oversee the implementation of a set of related projects and activities. Programmes are typically completed in several tranches over an extended period to achieve outcomes that are greater than sum of the parts. Programmes are about managing change with a strategic vision and a roadmap of how to get there. They are able to deal with uncertainty and complex inter-relationships in a dynamic environment by being flexible.

Portfolio

All the programmes and stand-alone projects being undertaken by an organisation, a group of organisations, or an organisational unit.

Groups

Community of Interest

A community of people who share a common interest and exchange thoughts about it.

Reference Group

Specific groups of people gathered to provide a balanced, representative view of the community as well as relevant insights, knowledge and expertise on a zone by zone basis to ultimately help determine a Masterplan for Whanganui Port. The reference groups will remain closely involved in the Masterplanning process over the lifetime of the Port Revitalisation Programme.

Special Interest Group

A group of people with a particular interest in one area, for example: Castlecliff, Whanganui-Motueka Ferry

Feasi​bility Stages 

Scoping Study

What could it be? A preliminary study to define the scope of a project.

Pre-feasibility Study

What should it be? Pre-feasibility studies usually include a range of options for the technical and economic aspects of a project and are used to justify continued exploration, to complete the required project permitting or to attract a joint venture partner.

Feas​ibility Study

What will it be? As the name implies, a feasibility study is used to determine the viability of an idea. The objective of such a study is to ensure a project is legally and technically feasible and economically justifiable. It tells us whether a project is worth the investment.

Decision Points

Strategic Assessment

Outlines strategic fit and the drivers of change.
Decision: Confirms the need to invest and to proceed to business case development

Indicative Business Case

Makes the case for change, explores the preferred way forward and short-lists options.
Decision: Confirms the case for change, the proposed way forward and to proceed to detailed business case.

Detailed Business Case

Determines potential value for money, prepares for the potential deal, ascertains affordability and funding, and plans for successful delivery.
Decision: Confirms the way forward, to formally approach market and prepare implementation business case.

Information Memorandum

A document used generally in financing of projects to define the work and to detail its financing arrangements.

Zones

  • Zone 1: Todd Street – Marine Industry
  • Zone 2: Wharf Street – Recreation and Community Users
  • Zone 3: Morrison Street – Industrial
  • Zone 4: Heads Road – Industrial and Storage
  • Zone 5: Taupo Quay – Commercial
  • Zone 6: Training and Education services as it relates to the precinct ​​
Page reviewed: 18 Nov 2016 1:15pm