Managing Benefits™ Foundation & Practitioner Overview
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 programme 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.
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 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
Managing Benefits™ Practitioner Exam Information
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
Why choose us
Ways to take this course
Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Managing Benefits™ Foundation & Practitioner. 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.
Live classes
Join a scheduled class with a live instructor and other delegates.
Interactive
Engage in activities, and communicate with your trainer and peers.
Global Pool of the Best Trainers
We handpick from a global pool of expert trainers for our Online Instructor-led courses.
Expertise
With 10+ years of quality, instructor-led training, we equip professionals with lasting skills for success.
Global Reach
With classes running in all timezones, access any of our courses and course material from anywhere, anytime.
Unlock your potential with The Knowledge Academy's Managing Benefits™ Foundation & Practitioner, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.
Experience the most sought-after learning style with The Knowledge Academy's Managing Benefits™ Foundation & Practitioner. 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 & Practitioner sessions.
Highly experienced trainers
Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience
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
Small class sizes
Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment
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 & Practitioner at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.
Tailored learning experience
Leverage benefits offered from a certification that fits your unique business or project needs
Maximise your training budget
Cut unnecessary costs and focus your entire budget on what really matters, the training.
Team building opportunity
Our Managing Benefits™ Foundation & Practitioner offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings
Monitor employees progress
The course know-how will help you track and evaluate your employees' progression and performance with relative ease
What our customers are saying
Good training
Sanjana Pernenkil
Fabulous trainer i would definitely consider going on another course led by this trainer
Stuart Flanagan
Gary was super engaging and used lots of real-life examples to illustrate the course content. He's a great story-teller and has plenty of real-world experience to share in addition to the course theory. Gary was very accommodating of our international time zones and made the online course manageable (plenty of breaks, review time etc.)
Bronwen Lloyd
Managing Benefits™ Foundation & Practitioner FAQs
Managing Benefits is a structured approach to maximise the benefits realised from projects, programmes, and portfolios by aligning them with strategic objectives and ensuring optimal use of resources.
The Managing Benefits Practitioner level delves deeper than the Foundation, focusing on applying principles and tailoring the Managing Benefits guidance to real-world scenarios, whereas the Foundation introduces basic concepts.
Taking the Managing Benefits Foundation and Practitioner Training enables individuals to maximise investment returns, ensure effective use of resources, align projects with business strategy, and enhance decision-making and stakeholder engagement.
In this Managing Benefits™ Foundation and Practitioner Certification course, delegates will have 5-day intensive training with our experienced instructors, a digital delegate pack consisting of important notes related to this course, and a certificate after course completion.
This Managing Benefits Foundation and Practitioner Training course is a 5-day training course during which delegates participate in intensive learning sessions that cover various course topics.
Yes, after completing this Managing Benefits Foundation and Practitioner Training delegates will receive certification.
After completing the Managing Benefits Foundation and Practitioner course, you can pursue roles as a Benefits Manager, Programme Manager, Business Change Manager, or Portfolio Manager, specialising in maximising business benefits and ROI.
The Managing Benefits Foundation and Practitioner Certification equips one with skills in aligning projects to strategic objectives, realising benefits, maximising resources, and applying best practices in benefits management.
If you face any issues in accessing the course materials, then you can reach out to our customer support team who will provide you with quick assistance to resolve the issue.
The Knowledge Academy in in Hungary 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 this Managing Benefits Foundation and Practitioner Course.
The training fees for Managing Benefits™ Foundation & Practitionerin Hungary starts from €3895
The Knowledge Academy is the Leading global training provider for Managing Benefits™ Foundation & Practitioner.
Please see our Managing Benefits™ Training courses available in Hungary
Why choose us
Best price in the industry
You won't find better value in the marketplace. If you do find a lower price, we will beat it.
Trusted & Approved
Our Managing Benefits™ training courses are accredited by APMG
Many delivery methods
Flexible delivery methods are available depending on your learning style.
High quality resources
Resources are included for a comprehensive learning experience.
"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"
Joshua Davies, Thames Water
Related courses
Managing Benefits™ Foundation & Practitioner in Hungary
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