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MANAGING BENEFITS COURSE

The reason organizations invest in change is to realize benefits. Despite this, reports from professional bodies, audit agencies and academic research show that organizations in the public, private and non-for-profit sectors still struggle to demonstrate return on investments.

The significance of this is even greater in a volatile economic climate where the failure to optimize benefits realization may put future initiatives at risk as investors lose confidence in the organization’s ability to successfully manage change. Our Managing Benefits guidance and qualification scheme aims to help address this problem, building on existing best practices in portfolio, programme and project management.

It provides managers and practitioners from multiple disciplines, working in a variety of organizations, with generally applicable guidance encompassing benefits management principles, practices and techniques.

Managing Benefits Provide:
  • An overview of benefits management - what it is, the case for doing it, and some common misconceptions that can limit its effectiveness in practice.
  • Descriptions of the seven principles upon which successful approaches to benefits management are built, and examples of how they can be/have been applied in practice.
  • Guidance on how to apply benefits management at a portfolio level, as well as at an individual project or programme level.
Who Is It For?

Managing Benefits is aimed at anyone with an interest in ensuring the best use of taxpayers’ and shareholders’ funds by optimizing the benefits realized from change initiatives, including:

  • Senior executives responsible for delivering value for money from the organization’s investments in change and achieving the organization’s strategic objectives
  • Programme and project sponsors, project board executives and people in project/ programme/change management roles responsible for delivering change initiatives
  • Portfolio managers and portfolio office staff responsible for managing the organization’s portfolio of change initiatives
  • Business case writers responsible for delivering reliable cases on which to base investment decisions

FOR INDIVIDUALS

  • Enhanced professional competence through benefits management practices and techniques.
  • Ability to implement methods, including knowledge of management accountancy, behavioural finance, psychology, neuro-science and systems thinking.
  • Understanding of the seven principles upon which successful approaches to benefits management are built and applied to projects, programmes and portfolios. The guide provides a route map to adoption of more cost-effective techniques and practices.
  • Adept at forecasting realistic benefits to produce business cases which address business issues and objectives and provide a route to measure success.
  • Outline costs and benefits to drive business objectives.

FOR ORGANISATIONS

  • Realise benefits to improve prospects in terms of investors, clients, revenue and efficiency levels regardless of professional discipline and type of organisation.
  • Ability to demonstrate more efficient and effective practices through better use of available resources. This enhances an organisation's ability to retain motivated and skilled change management staff and to attract investors.
  • Improved return on investment from change initiatives as more benefits are realised and sustained for longer.
  • Enhanced confidence on the part of regulators and funding agencies - so helping ensure continued funding for change.
  • Have an organisation-wide understanding of the benefits a project or programme will produce and be able to measure when they are realised.
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What are the key things you will learn in the Foundation course:

  • Definitions, scope and objectives of benefits management, barriers to its effective practice, and the key success characteristics.
  • Principles upon which successful approaches to benefits management are based.
  • Five practices contained within the Benefits Management Cycle and relevant techniques applicable to each practice.
  • Scope of key roles and responsibilities for benefits management and the typical contents of the main benefits management documentation.
  • Approaches to implementation and the factors to consider in sustaining progress.
  • Exam Format:

    • Exam Requirement: None
    • Multiple-choice (objective) testing
    • 50 questions per paper
    • 25 marks required to pass (out of 50 available) pass mark - 50%
    • 40 minutes duration
    • Closed book.

We offer the following learning alternatives:

  • 3-day weekly and weekend classroom courses
  • 3-day virtual tutor-led weekly and weekend courses
  • 3-day corporate on-site courses
  • 365-day access to our self-paced e-learning online course
  • As part of the 5-day Foundation and Practitioner tutor-led virtual and classroom weekday and 4-day weekend courses – with online exams after
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  • Planning the implementation of benefits management, select appropriate strategies to sustain and measure progress.
  • Selecting and adapt principles, practices, and techniques to suit different organizational environments.
  • Identifying activities that should be undertaken during each of the practices of the Benefits Management Cycle together with the accountabilities and responsibilities of each of the defined roles.
  • Evaluating examples of benefits management information (documents).
  • Analysing the solutions adopted in relation to a given scenario.
  • Exam Format:

    • Exam Requirement: Foundation Exam Pass
    • Multiple choice (objective) testing
    • 8 question areas with 10 questions each – total 80 questions
    • 40 marks required to pass (out of 80 available) pass mark - 50%
    • Two hours and thirty minutes duration
    • Open book exam

We offer the following learning alternatives:

  • 2-day weekly and weekend classroom courses
  • 2-day virtual tutor-led weekly and weekend courses
  • 2-day corporate on-site courses
  • 365-day access to our self-paced e-learning online courses
  • As part of the 5-day Foundation and Practitioner tutor-led virtual and classroom weekday and 4-day weekend courses – with online exams after
  • Official Course Manual
  • Foundation Exam retake Guarantee
  • Practitioner Exam Retake Guarantee
  • Accredited Course Materials
  • Accredited trainer with a minimum of ten years industry experience for virtual and classroom courses
  • 365 days access to our self-paced e-learning online courses
  • 365 days exam vouchers for our self-paced online, virtual and classroom courses

VAT will be added at the standard rate to the course fee.

Do visit our Exam Centre to try out sample questions

You should find our course blogs highly informative.

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