Managing Benefits Training | Managing Benefits™ Foundation Training in Baton Rouge

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

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

Managing Benefits™ Foundation introduces delegates to structured principles and practices for identifying, planning, tracking, and realising benefits from change initiatives. It covers the benefits management lifecycle, key roles, and strategic alignment to deliver measurable value.

This training strengthens strategic insight by helping delegates understand how benefits drive performance and value. It supports stronger governance, clearer accountability, and improved decision-making, enabling organisations to focus resources on initiatives that matter.

This 3-Day course offered by The Knowledge Academy helps delegates confidently apply the Managing Benefits™ framework in real-world scenarios. It enables consistent benefits realisation across portfolios, programmes, and projects.

Managing Benefits™ Foundation 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 outcome.

Skills You Will Gain from Managing Benefits™ Foundation Training

The Managing Benefits™ Foundation Training equips professionals with practical skills to apply benefits management principles across change initiatives. It enables confident value-driven decision making, benefits planning, and lifecycle management.

Key skills learners will gain from this Managing Benefits™ Foundation Certification include:

• Applying Benefits Management Principles: Develop the ability to apply core principles such as aligning benefits with Start with the End in Mind (SWTEIM) and effective governance.
• Identifying and Quantifying Benefits: Gain skills to identify strategic drivers, define investment objectives, and quantify benefits linked to problems and solutions.
• Value Assessment and Appraisal: Build capability to assess non-financial benefits using cost–benefit analysis, DCF calculations, risk adjustments, and appraisal techniques.
• Structured Benefits Planning: Learn to validate and prioritize benefits, select appropriate measures, manage threats, and plan stakeholder engagement.
• Benefits Realization and Tracking: Develop skills to track, report, and manage benefits through transition and post-transition stages of change initiatives.
• Performance Review and Evaluation: Acquire the ability to conduct practice reviews, evaluate performance, and recognize cognitive biases affecting benefit outcomes.
• Portfolio-Level Benefits Awareness: Manage benefits at the portfolio level, including eligibility frameworks, reporting, and post-initiative sustainment.

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

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