Following the recommendations of earlier investigations reported by Halls and Mustafa (2006), this study reports a final assessment to address the question: “Does CBFM bring sustainable benefits to fisher communities? Or in other words “Does the CBFM work”? It employs most of the methods described by Halls & Mustafa (2006) supported by additional statistical methods including unit slope tests using and an updated set of data containing additional observations made since the time of last reporting. The same performance indicators and explanatory variables were used for the analysis. Similar to the earlier study, it also aims to identify important explanatory factors to help inform future co- or communitybased management initiatives and programmes. It was intended that key findings and conclusions would be incorporated into evolving communications products, working documents and peer-reviewed publications.