Managing Benefits Training | Managing Benefits™ Foundation & Practitioner Training in Exeter

Managing Benefits™ Foundation and Practitioner 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 of 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
• Implement and Sustain
• Broad Approaches to Implementation
• Advantages of Planned Approaches to Implementation
• Steps in Implementation

Module 9: Scenario Questions

• Principles
• Identify and Quantify
• Value and Appraise
• Plan
• Realise
• Review
• Portfolio-Based Application
• Implement and Sustain

Module 10: Exercise

• Principle
• Benefits Mapping
• Techniques to Address the Bias or Issue
• Benefits Categorisation
• Investment Appraisal and Portfolio Prioritisation
• Realise Practice
• Taking Action on Variances
• Developing a Value Culture
• Portfolio-Level Documents and Roles

Module 11: Group Discussion

• Causes of Success and Failure
• Benefits Mapping
• Linking Benefits to Strategy
• Behavioural Implications of Setting Targets
• Value Culture
• Investment and Options Appraisal
• Benefits Reporting

Who should attend this Managing Benefits™ Foundation and Practitioner Course?

This Managing Benefits™ Foundation and Practitioner Training Course is designed to provide a detailed understanding of principles, practices, and techniques involved in Benefits Management. This training course is suitable for a wide range of professionals, including:

• Change Managers
• Project Managers
• Programme Managers
• Portfolio Managers
• Senior Executives
• Team Leaders
• Finance Professionals

Prerequisites of the Managing Benefits™ Foundation and Practitioner Course

There are no formal prerequisites for this Managing Benefits™ Foundation and Practitioner Training Course. However, to continue to the Practitioner section of the course, candidates must successfully pass the Managing Benefits™ Foundation Examination.

Managing Benefits™ Foundation and Practitioner Course Overview

Managing Benefits™ Foundation & Practitioner is a comprehensive course designed to enhance the understanding and application of Benefits Management in projects and business initiatives. This course is pivotal for professionals involved in change initiatives, ensuring that desired outcomes and benefits are effectively achieved, managed, and sustained.

Proficiency in Managing Benefits™ Foundation & Practitioner is crucial for Project Managers, Business Change Managers, and Benefits Managers. Mastering this field empowers professionals to identify, quantify, and manage benefits, aligning them with organisational strategies and delivering real value. It is essential for those aiming to drive successful change initiatives and optimise resource utilisation across various sectors.

This intensive 5-day course equips delegates with fundamental concepts and practical skills in benefits management. Through hands-on workshops and expert-led sessions, delegates comprehensively understand the Managing Benefits™ framework, principles, practices, and their applications. Delegates learn to plan, implement, and review Benefits Management practices, ensuring alignment with strategic objectives and effective realisation of benefits.

Course Objectives

• To understand the foundational principles of Benefits Management
• To explore the Managing Benefits™ framework and its practical application
• To identify and quantify the benefits in change initiatives
• To analyse and interpret benefits management strategies effectively
• To develop and implement benefits realisation plans
• To comprehend ethical considerations in benefits management

Upon completing this course, delegates will have acquired the knowledge and skills necessary to implement and optimise benefits management practices, making them invaluable assets in their professional fields.

Advantages of Completing Managing Benefits™ Foundation and Practitioner Training Course

Completing the Managing Benefits™ Foundation and Practitioner Training Course builds structured capability to apply benefits management across change initiatives. It enables professionals to make value-focused decisions and plan effective benefits realisation.

Advantages of completing this Managing Benefits™ Foundation and Practitioner Certification include:

• Strong Foundations in Benefits Management: Develop the ability to understand benefits, assess value for money, and apply benefits management within an organisational context effectively.
• Effective Identification and Quantification of Benefits: Develop the ability to identify strategic drivers, investment objectives, and quantify benefits linked to business problems and solutions.
• Advanced Value Appraisal Capability: Learners build competence in assessing both financial and non-financial benefits using cost–benefit analysis, risk adjustment, and structured appraisal techniques.
• Structured Benefits Planning and Governance: Learn to plan benefits effectively through validation, prioritisation, stakeholder engagement and initiative-level documentation.
• Improved Benefits Realisation and Review: Strengthen capability to track, report, review, and sustain benefits during transition, post-transition, and through formal review practices.
• Portfolio-Level Benefits Management Expertise: Gain the skills to manage and track benefits at a portfolio level, addressing risks, opportunities, and post-initiative closure.

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

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

Managing Benefits™ Foundation and Practitioner Exams

To acquire the Managing Benefits™ Foundation and Practitioner certifications, delegates need to sit an exam for each.

Managing Benefits™ Foundation Exam

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

Managing Benefits™ Practitioner Exam

The Managing Benefits™ Practitioner Exam is designed to assess a candidate's ability to apply the principles, practices, and techniques of benefits management in a practical context. The exam format is as follows:

• Type of Questions: Objective Questions
• Total Questions: 8 (each question is worth 10 marks)
• Number of Marks: 80 Marks
• Pass Marks: 50%, or 40/80 Marks
• Duration: 150 Minutes
• Open Book/Closed Book: Open Book