Managing Benefits Training | Managing Benefits™ Foundation Training in Fairfax

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Managing Benefits™ Training

Managing Benefits™ Foundation

Fairfax

Equip delegates with essential skills to manage and optimise organisational benefits
Learn the essential framework for understanding and implementing Benefits Management
Elevate your earning potential with this Managing Benefits Foundation Course

Dates & Prices Dates & Prices

Course information

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

Our Fairfax venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

The city of Fairfax is located in the state of Virginia in the Fairfax County. The city of Fairfax is approximately 16 miles south-west of Washington D.C. Fairfax was rated number 3 in the Forbes Magazines "Top 25 Places to Live Well". The current population of Fairfax stand at roughly 24,000 residents. The unemployment rate for Fairfax currently stands at just above 3%. This is an improvement on the unemployment conditions of the previous year when the rate stood at 4 and a half percent. Virginia’s largest public research university the George Mason University is located in Fairfax. As of 2013 the university had around 34,000 students enrolled and nearly 3,000 academic staff members. The university is recognised for their strong programs in economics, law, creative writing, computer science, and business. Fair fax also has its own international school - Virginia International University, which offers programs in computer science, business management, international relations, public administration and education. The international university also has courses to teach English to speakers of other languages.

Address

Courtyard Fairfax Fair Oaks
11220 Lee Jackson Memorial Highway
Fairfax
Virginia
22030

T: +1 7204454674

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Managing Benefits Training | Managing Benefits™ Foundation Training in Fairfax. 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.

Learn more in our FAQs

Unlock your potential with The Knowledge Academy's Managing Benefits Training | Managing Benefits™ Foundation Training in Fairfax, 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.

Learn more in our FAQs

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite 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 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

Learn more in our FAQs

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 Training | Managing Benefits™ Foundation Training in Fairfax FAQs

What is Managing Benefits?

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.

Why is Managing Benefits important?

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.

What are the benefits of taking this Managing Benefits Foundation Course?

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.

Are there any prerequisites for taking this Managing Benefits™ Foundation Course?

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.

Are these Managing Benefits Training Courses accredited?

Yes, the Managing Benefits Courses like the Managing Benefits Foundation is accredited by APMG (Accrediting Professional Managers Globally).

What is included in the Managing Benefits™ Foundation Course?

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.

What is the duration of the Managing Benefits™ Foundation Course?

The duration of the course is 3 days.

Will I receive a certification after completing this Managing Benefits Foundation Training?

Yes, upon successful completion of the course, delegates will receive a certification, validating their proficiency in advanced Benefits Management principles and practices.

What are the career opportunities available after completing this Managing Benefits Foundation Training?

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.

Why choose The Knowledge Academy in Fairfax over others?

The Knowledge Academy in Fairfax 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.

What is the cost/training fees for Managing Benefits™ Foundation in Fairfax?

The training fees for Managing Benefits™ Foundationin Fairfax starts from $4995

Which is the best training institute/provider of Managing Benefits™ Foundation in Fairfax?

The Knowledge Academy is the Leading global training provider for Managing Benefits™ Foundation.

What are the best Managing Benefits™ Training courses in Fairfax?

Please see our Managing Benefits™ Training courses available in Fairfax

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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