Managing Benefits™ Foundation
The purpose of the Managing Benefits™ guidance and certification scheme is to provide managers and practitioners from different disciplines / in a variety of organizations with applicable guidance in benefits management principles, practices and techniques.
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Course description:
This 3-day foundation course discusses Managing Benefits guidance at a foundation level, ensuring that the candidate has sufficient knowledge and understanding of the principles, practices and techniques of this domain.
Individuals certified at this level have a demonstrated understanding of:
- Definitions, scope and objectives of benefits management, barriers to its effective practice, and the key characteristics of success.
- Principles and approaches to successful benefits management.
- Five practices contained within the Benefits Management Cycle and relevant techniques applicable for each practice.
- Key elements of portfolio-based benefits management.
- Scope of key roles and responsibilities for benefits management and the typical contents of the main benefits management documentation.
- The various approaches to implementation and the factors to consider in sustaining progress.
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The Guide represents a ‘manifesto for change’ –change in relation to the management and successful realization of benefits from change initiatives. You will receive a copy of the guide in this course |
Audience:
The guidance (and supporting qualifications) are aimed at those with a role in ensuring optimal use of taxpayer and shareholder funds by maximizing the benefits realized from change initiatives.
- Senior executives, including Change and Transformation Directors, responsible for delivering value for money from the organization’s investments in change and achieving the organization’s strategic objectives.
- Senior Responsible Owners (SRO’s)/Sponsors/Project Board Executives and project and programme management (PPM) and change management professionals responsible for delivering the change initiatives from which benefits are realized.
- Portfolio managers and Portfolio Office staff responsible for managing the organization’s portfolio of change initiatives – including optimizing the contribution to strategic objectives.
- Business Case writers responsible for delivering reliable cases on which to base investment decisions.
- Finance professionals and economists responsible for undertaking, or participating in, investment appraisal and portfolio prioritization reviews.
- Business managers responsible for managing the operational functions by which, or within which, change initiatives are delivered and benefits are realized.
- Change Managers and Benefits Managers responsible for managing business change and benefits realization.
- Others with an interest in the successful delivery of change, including strategic planners, operational performance managers, internal and external auditors, procurement and commercial professionals etc.
Prerequisites:
There are no formal prerequisites for this course.
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Agenda:
- Overview and Principles
- Identify and Quantify
- Value and Appraise
- Plan
- Realize
- Review
- Portfolio based application
- Implement, Sustain and Measure
- Take Mock Exam
- Mock Exam Review
- Recap
- Exam
The exam is will take place at the end of the course on onsite classroom courses
For Virtual courses we will send out a voucher that gives you access to an online exam. This can be booked and taken home monitored by a proctor via camera.
Exam information
- Closed-book format
- 50 multiple-choice questions
- 40 minutes
- A minimum of 25 correct answers (50%) to pass