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

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