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Managing Benefits™ Foundation Overview
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
- 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
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.
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
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. 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, 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. 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.
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 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 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
Trainer was really knowledgeable. The only thing I would say is their WIFI connection wasn't the greatest and they had issues during the week
Victoria Hale
Enjoyable course, content was heavy gong for the Practitioner components but breakout sessions were useful (maybe include in the Foundation component). A few technical issues on the presenters side.
Paul Lilly
Good training
Sanjana Pernenkil
Managing Benefits™ Foundation FAQs
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.
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.
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.
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.
Yes, the Managing Benefits Courses like the Managing Benefits Foundation is accredited by APMG (Accrediting Professional Managers Globally).
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.
The duration of the course is 3 days.
Yes, upon successful completion of the course, delegates will receive a certification, validating their proficiency in advanced Benefits Management principles and practices.
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.
The Knowledge Academy in Nigeria 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.
The training fees for Managing Benefits™ Foundationin Nigeria starts from $4995
The Knowledge Academy is the Leading global training provider for Managing Benefits™ Foundation.
Please see our Managing Benefits™ Training courses available in Nigeria
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
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