Managing Benefits™ Foundation & Practitioner

Managing Benefits™ Foundation & Practitioner 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 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 

What You’ll Learn in this Course

This course takes you from understanding benefits management fundamentals to applying advanced practitioner-level techniques for maximising organisational value. Each stage builds the ability to deliver measurable outcomes and align benefits with strategic goals. 
 

• Learn to define and manage benefits within organisational change initiatives 

• Learn to develop a structured benefits management framework 

• Learn to engage stakeholders effectively for successful benefits realisation 

• Learn to evaluate and measure benefits performance using key metrics 

• Learn governance and continual improvement approaches for benefits delivery 

• Learn to align benefits management with organisational strategy and investment decisions 

Managing Benefits™ Foundation Exam  

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 includes: 

• Question Type: Multiple Choice 

• Total Questions: 50 

• Total Marks: 50 Marks 

• Pass Mark: 50%, or 25/50 Marks 

• Duration: 40 Minutes 

• Mode of Examination: Online 

• Type: Closed Book 

Managing Benefits™ Practitioner Exam 

The Managing Benefits™ Practitioner Exam is designed to assess a learner's ability to apply the principles, practices, and techniques of benefits management in a practical context. The Managing Benefits™ Practitioner exam includes:  

• Question Type: Objective Questions 

• Total Questions: 8 

• Total Marks: 80 Marks 

• Pass Mark: 50%, or 40/80 Marks 

• Duration: 150 Minutes 

• Mode of Examination: Online 

• Type: Open Book