Managing Benefits™ Foundation Course Outline

Module 1: Overview

  • Definitions of Benefits, Benefits Management, and Related Terms
  • Objectives of Benefits Management
  • Benefits Management Model
  • Factors that Influence How the Benefits Management Practices will be Applied
  • Value and Value Management
  • Value Management Techniques
  • Value for Money
  • Barriers to Effective Benefits Management
  • KSCs of Effective Benefits Management
  • Organisational Context within which Benefits Management Operates

Module 2: Principles

  • Benefits Management Principles
    • Align Benefits with Strategy Driver-Based Analysis
    • Start with the End in Mind (SWTEIM)
    • Utilise Successful Delivery Methods
    • Integrate Benefits with Performance Management
    • Apply Effective Governance
    • Develop a Value Culture

Module 3: Identify and Quantify

  • Objective and Scope of the Identify and Quantify Practice
  • Identifying Strategic Drivers and Investment Objectives
  • Identifying Benefits
  • Quantifying Benefits Problems and Solutions

Module 4: Value and Appraise

  • Objective and Scope
  • Valuing Benefits in Monetary Terms
  • Valuing Non-Financial Benefits in Monetary Terms
  • Cost-Benefit Analysis
  • DCF Calculations
  • Adjusting for Risk
  • Real Options Analysis
  • Cost-Effectiveness Analysis
  • Multi-Criteria Analysis

Module 5: Plan

  • Objectives and Scope
  • Themes
  • Elements
    • Benefits Validation
    • Benefits Prioritisation - Approaches
    • Managing Pre-Transition Activity
    • Selecting Appropriate Benefit Measures
    • Managing Benefit Threats and Opportunities
    • Planning Effective Stakeholder Engagement
    • Initiative-Level Benefits Management Documentation
  • Key (Initiative-Level) Benefits Management Roles

Module 6: Realise

  • Objective
  • Scope
  • Themes
  • Realise Element
    • Transition and post-transition
    • Objectives of Tracking and Reporting
    • Winning Hearts as well as Minds

Module 7: Review

  • Objectives
  • Scope
  • Practice Review
    • Initiative and Independent Benefit Reviews
    • OGC Gateway™ Reviews
    • Cognitive Biases Affecting Post-Implementation Reviews
    • Evaluating Performance

Module 8: Portfolio-Based Application

  • Objectives and Scope
  • Elements
    • Benefits Eligibility Framework
    • BRP Including Portfolio-Level Threats and Opportunities
    • Managing Benefits Post-Initiative Closure
    • Tracking and Reporting Benefits Realisation at a Portfolio Level
    • Benefits Documentation
    • Key Roles

Module 9: Implement and Sustain

  • Broad Approaches to Implementation
  • Advantages of Planned Approaches to Implementation
  • Steps in Implementation
  • Sustaining Progress Factors
  • Sustaining Progress - Managed as a Business Change Programme
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Who should attend this Managing Benefits™ Foundation Course?

This Managing Benefits Foundation Course is an introductory course focused on the principles, practices, and techniques involved in Benefits Management. As a foundational course, it is suitable for a wide range of professionals, including:

  • Project Managers
  • Programme Managers
  • Portfolio Managers
  • Change Managers
  • Business Analysts
  • Operational Managers
  • Finance Professionals

Prerequisites of the Managing Benefits™ Foundation Course

There are no formal prerequisites for the Managing Benefits Foundation Course.

Managing Benefits™ Foundation Course Overview

This Managing Benefits Foundation Course offers a profound exploration into optimising organisational advantages, presenting a framework crucial for strategic decision-making. This course becomes indispensable for professionals in project management and business strategy, as it sheds light on the intricacies of Benefits Management. By mastering this subject, individuals can contribute significantly to their organisations' success by ensuring effective project and programme outcomes.

Understanding the principles of Benefits Management is pivotal for professionals aiming to enhance their project management and business strategy skill set. This course becomes a cornerstone for individuals seeking a comprehensive grasp of how to identify, quantify, and forecast potential benefits, while also learning the intricacies of developing a Benefits Management framework.

The Knowledge Academy's 3-day training course helps delegates to develop practical insights and skills to enhance the realisation of benefits within their organisations. The course provides a dynamic learning experience, ensuring that delegates not only understand the theoretical aspects of Benefits Management but also gain the practical expertise needed to strategically manage benefits throughout the life cycle of projects.

Course Objectives

  • To grasp the principles and key concepts of Benefits Management
  • To understand the organisational context and governance surrounding Benefits Management
  • To learn how to identify, quantify, and forecast potential benefits
  • To acquire skills in developing a Benefits Management framework
  • To comprehend the importance of stakeholder engagement in benefits realisation
  • To apply knowledge in managing benefits throughout the life cycle

Upon completion of this course, delegates will possess the expertise to strategically manage benefits, ensuring they become invaluable assets to their organisations in achieving optimal project outcomes.

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What's included in this Managing Benefits™ Foundation Training Course?

  • Managing Benefits™ Foundation Examination
  • World-Class Training Sessions from Experienced Instructors
  • Managing Benefits™ Foundation Certificate
  • Digital Delegate Pack

You’ll also get access to the MyTKA Training Portal, which will be your go to hub for all your training.
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Managing Benefits™ Foundation Exam Information

The Managing Benefits™ Foundation Exam is designed to assess an individual's understanding of the key concepts, principles, and practices related to managing benefits within organisations. The Managing Benefits™ Foundation exam format is as follows: 

  • Question Type: Multiple Choice 
  • Total Questions: 50 (each question is worth 1 mark) 
  • Total Marks: 50 Marks 
  • Pass Marks: 50%, or 25/50 Marks 
  • Duration: 40 Minutes 
  • Open Book/Closed Book: Closed Book 
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Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Managing Benefits™ Foundation Course. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

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Live classes

Join a scheduled class with a live instructor and other delegates.

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Interactive

Engage in activities, and communicate with your trainer and peers.

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Global Pool of the Best Trainers

We handpick from a global pool of expert trainers for our Online Instructor-led courses.

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Expertise

With 10+ years of quality, instructor-led training, we equip professionals with lasting skills for success.

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Global Reach

With classes running in all timezones, access any of our courses and course material from anywhere, anytime.

Master Managing Benefits™ Foundation with a flexible yet structured approach that combines live, expert-led sessions and self-paced study. With weekly one-to-one tutor support and consistently high pass rates, you’ll receive tailored guidance and achieve real results.

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Structured Yet Flexible Learning

Take part in scheduled, instructor-led sessions with real-time feedback, while enjoying the freedom to study independently. Interactive resources and progress tracking tools help you stay motivated and on target.

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Engaging & Interactive Training

Join dynamic live sessions featuring discussions, practical activities, and peer collaboration. Learn from Managing Benefits™ Foundation industry experts and reinforce your knowledge with self-paced modules—plus, connect with professionals in your field.

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Expert-Led Course

Gain valuable insight from experienced trainers during live sessions, and revisit course materials anytime to deepen your understanding. This method offers the ideal balance between expert guidance and independent learning.

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Global Training Accessibility

Access top-quality training across time zones—anytime, anywhere. Whether at home or on the go, our expert-led sessions and flexible study materials support your goals, and help you on the journey towards the certification.

Experience the most sought-after learning style with The Knowledge Academy's Managing Benefits™ Foundation Course. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Managing Benefits™ Foundation sessions.

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Highly experienced trainers

Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience

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State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible

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Small class sizes

Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment

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Great value for money

Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value

Streamline large-scale training requirements with The Knowledge Academy’s In-house/Onsite Managing Benefits™ Foundation Course at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

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Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

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Team building opportunity

Our Managing Benefits™ Foundation Course offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

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Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

Package deals for Managing Benefits™ Foundation

Our training experts have compiled a range of course packages on a variety of categories in Managing Benefits™ Foundation, to boost your career. The packages consist of the best possible qualifications with Managing Benefits™ Foundation, and allows you to purchase multiple courses at a discounted rate.

Managing Benefits™ Foundation FAQs

What is Managing Benefits?

Managing Benefits involves optimising organisational advantages by strategically identifying, quantifying, and realising potential benefits throughout project life cycles, ensuring effective decision-making and business growth.

Why is Managing Benefits important?

Managing Benefits is crucial for project success and organisational growth, offering a systematic approach to enhance benefits realisation, align projects with business objectives, and maximise overall value.

What are the benefits of taking this Managing Benefits Foundation Course?

This course equips professionals with a comprehensive understanding of Benefits Management principles, organisational context, and practical application, empowering them to contribute significantly to project success and strategic decision-making.

Are there any prerequisites for taking this Managing Benefits™ Foundation Course?

There are no prerequisites for this course, making it accessible to professionals at various career stages seeking to enhance their project management and business strategy skills.

Are these Managing Benefits Training Courses accredited?

Yes, the Managing Benefits Courses like the Managing Benefits Foundation is accredited by APMG (Accrediting Professional Managers Globally).

What is included in the Managing Benefits™ Foundation Course?

The course includes advanced topics such as Benefits Management principles, portfolio management, business case development, and practical application scenarios. Delegates gain in-depth insights and practical skills to navigate complex scenarios and contribute effectively to benefits realisation within their organisations.

What is the duration of the Managing Benefits™ Foundation Course?

The duration of the course is 3 days.

Will I receive a certification after completing this Managing Benefits Foundation Training?

Yes, upon successful completion of the course, delegates will receive a certification, validating their proficiency in advanced Benefits Management principles and practices.

What are the career opportunities available after completing this Managing Benefits Foundation Training?

After completing this course, individuals can pursue roles such as Benefits Manager, Project Manager, or Business Strategist, leveraging their enhanced skills in benefits management to contribute strategically to organisational success. This certification opens doors to diverse career opportunities within Project Management, Business Analysis, and Strategic Planning.

Why choose The Knowledge Academy in the United Kingdom over others?

The Knowledge Academy in the United Kingdom stands out as a prestigious training provider known for its extensive course offerings, expert instructors, adaptable learning formats, and industry recognition. It's a dependable option for those seeking Managing Benefits Foundation Certification.

What is the cost/training fees for Managing Benefits™ Foundation in the United Kingdom?

The training fees for Managing Benefits™ Foundationin the United Kingdom starts from £2995

Which is the best training institute/provider of Managing Benefits™ Foundation in the United Kingdom?

The Knowledge Academy is the Leading global training provider for Managing Benefits™ Foundation.

What are the best Managing Benefits™ Training courses in the United Kingdom?

Please see our Managing Benefits™ Training courses available in the United Kingdom

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