Managing Benefits™ Foundation - Online Classroom (exam included)

Managing Benefits™ Foundation - Online Classroom (exam included)

Managing Benefits™ provides managers and practitioners from multiple disciplines working in various organizations with generally applicable guidance encompassing benefits management principles, practices, and techniques that enable organizations to optimize the return from their investments in change.

Key Features

• Course and material are in English
• Beginner-intermediate level
• 3 days online classroom. 8 hours per day with accredited authorized trainer
• 21 hours recommended study time
• Downloadable PDF documents with detailed content (slides, explanations) for each lesson.
• 1 official exam voucher is included
• APMG Managing Benefits Foundation certification of completion

Target Audience

The target audience includes all those with a role in ensuring the best use of funds by maximizing the benefits realized from change initiatives. This multi-disciplinary group includes:

• Change leaders (e.g., senior responsible owners & directors of change)
• Change initiators (e.g., strategic planners and policy leads)
• Change appraisers and evaluators (e.g., business case developers and project appraisers)
• Change implementers/enablers (e.g., portfolio, program & project managers)
• Change support staff (e.g., portfolio, program & project office staff)
• Business Case writers and project appraisers

Prerequisites

There are no formal prerequisites for this course or taking the exam.

Learning Objectives

• This Foundation level course aims to enable delegates to understand the benefits of management principles, practices, techniques, roles, responsibilities, and documents. Specifically, to know and understand the following:
• Definitions, scope, and objectives of benefits management, barriers to its effective practice, and the critical 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
• Key elements of portfolio-based benefits management
• Scope of critical roles and responsibilities for benefits management and the typical contents of the primary benefits management documentation
• The various approaches to implementation and the factors to consider in sustaining progress

Course Outline

Module One: Overview, What is Benefits Management?

Defines the terminology used, what is meant by benefits and benefits management; reviews the track record of change initiatives in terms of benefits realization; cognitive biases affecting benefits administration; and the objectives of benefits management.

Module Two: The Benefits Management Principles

Discuss the seven enabling factors or principles representing the solid foundations for effective benefits manage the solid foundations for effective benefits management. They are:

• Align benefits with strategy
• Start with the end in mind
• Utilise successful delivery methods
• Integrate benefits with performance management
• Manage benefits from a portfolio perspective
• Apply effective governance
• Develop a value culture

Module Three: The Benefits Management Cycle

Introduces the Benefits Management Cycle, the organizational context in which it operates, and the constituent practices addressed in the following five modules. This module also addresses the barriers to, and the Key Success Characteristics of, practical approaches to benefits management. It also overviews the leading benefits management roles, responsibilities, and documentation.

Module Four: Benefits Management Practice 1 - Identify & Quantify

The objective of this first practice is to lay the basis for informed options analysis, investment appraisal, and portfolio prioritization. We shall discuss various approaches to identifying benefits, including benefits discovery workshops, mapping and customer insight, and forecasting benefits. As well as problems typically faced and appropriate solutions.

Module Five: Benefits Management Practice 2 - Value & Appraise

Once identified and quantified, we look at why organizations value benefits in monetary terms; various approaches to valuing non-financial benefits in financial terms; the main approaches to initiative appraisal cost-benefit, real options, cost-effectiveness, and multi-criteria analysis; and the role of value management techniques.

Module Six: Benefits Management Practice 3 - Plan

Planning covers approaches to validating benefits; prioritizing benefits; managing the pre-transition phase; selecting benefits measures; benefits risk and opportunity management; planning effective stakeholder engagement; and an overview of the primary initiative-level benefits management documentation used in planning for benefits realization, and who prepares and maintains them.

Module Seven: Benefits Management Practice 4 - Realize

Benefits seldom happen; there needs to be transition management; tracking and reporting, Including surveys; and approaches to effective stakeholder engagement to win hearts and minds, and so deliver the behavioral change upon which benefits realization is often dependent.ncluding surveys; and approaches to effective stakeholder engagement to win hearts and minds, and so deliver the behavioral change upon which benefits realization is often dependent.

Module Eight: Benefits Management Practice 5 - Review

The final practice looks at the importance of review as a basis for learning and continuous improvement before, during, and after the initiative.

Module Nine: Portfolio-based Application of Benefits Management

Addresses why portfolio-based benefits management is so important and its main elements.

Module Ten: Implementing and sustaining progress

Successful benefits management is embedded into the culture of the organization. In this module, we look at how to start implementing benefits management and sustain progress, including measuring impact and maturity.

Examination

All delegates will be allowed to sit the Managing Benefits Foundation examination in the late afternoon of the third day of the course. The Managing Benefits Foundation exam consists of the following:

• 50 multiple-choice questions
• 40 minutes
• Closed-book
• Candidates require a minimum of 25 correct answers (50%) to pass.

About APMG

APMG Group International is a global certification body that offers training courses and professional certifications in a variety of business disciplines. APMG accredits training organizations and manages qualification schemes for professionals. APMG certifications are recognized by employers and professionals worldwide as benchmarks of quality and expertise.

FAQ

When is the classroom schedule?

Depending on the starting dates, our classroom courses are consecutively held from 10 am - 6 pm (CET) with lunch breaks in between

Will missing a live class affect my ability to complete the course?

Yes, you may be subject to not getting the exam voucher if you don't attend a class. Therefore, it's better always to let us know at least 2 weeks in advance if you require any rescheduling requests.

*note that reschedule request is not always given depending on the situation