Managing Benefits™ Foundation

Managing Benefits™ Foundation 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 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 
     

Module 9: Implement and Sustain 

• Broad Approaches to Implementation 

• Advantages of Planned Approaches to Implementation 

• Steps in Implementation 

• Sustaining Progress Factors 

• Sustaining Progress - Managed as a Business Change Programme 

What You’ll Learn in this Course

This course takes learners from understanding the basic concepts of benefits management to applying foundational techniques for effective value realisation. Each stage builds capability to align benefits with business strategy and organisational priorities. 
 

• Learn the key principles and practices of benefits management 

• Learn how to identify, define, and plan measurable benefits 

• Learn to manage and review benefits throughout the project lifecycle 

• Learn to engage stakeholders to ensure successful benefits delivery 

• Learn to apply a consistent approach to benefits governance and assurance 

• Learn how benefits management contributes to strategic decision-making and performance improvement. 

Managing Benefits™ Foundation Exam Information

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 exam format is as follows: 

• 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