Managing Benefits™ Foundation & Practitioner

• Educational Background: No specific prerequisites are required, though a basic understanding of project or programme management is beneficial. 

• Professional Experience: Ideal for those with experience in managing projects, programmes, or portfolios, but not mandatory. 

• Language Proficiency: Learners should have a good command of English, as all materials and exams are conducted in English. 

• Master Benefits Management Principles: Understand the Managing Benefits™ framework and its applications. 

• Plan and Realise Benefits: Learn to create benefits management strategies and ensure their realisation. 

• Enhance Decision-Making: Gain skills to align benefits with organisational goals and optimise investment value. 

• Engage Stakeholders Effectively: Develop techniques to secure stakeholder buy-in and manage expectations. 

The Managing Benefits™ Foundation & Practitioner Course is tailored for professionals looking to enhance their benefits management expertise. It provides practical tools to establish frameworks that ensure projects and programmes deliver value aligned with organisational objectives. Below are the individuals who will benefit from this course:

• Project Managers
• Programme Managers
• Portfolio Managers
• Change Managers
• Business Analysts
• Strategic Planners 

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