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Managing Benefits™ Foundation - Learning the Basics and Foundation Exam Preparation

Managing Benefits™ Foundation - Learning the Basics and Foundation Exam Preparation

About
Prerequisites
  • 2-3 hours of pre-course study 
  • Approximately 2 hours of study per evening during the course will be required by those who wish to pass the exam 
Course Level

Basic / Intermediate

 

Description

Benefits are not simply just one aspect of project and programme management (PPM) – rather, they are the rationale for the investment of taxpayers’ and shareholders’ funds in change initiatives. Managing Benefits is designed to complement existing best practices in portfolio, programme and project management (such as PRINCE2®, MSP®, P3O® & MoP®), and consolidates existing guidance while expanding on the specific practices and techniques aimed at optimizing benefits realization.

The purpose of the Managing Benefits guidance and certification scheme is to provide you with generally applicable guidance encompassing benefits management principles, practices, and techniques, and to prepare you to take and pass the Foundation exam on the third day. 

Managing Benefits provides: 

  • 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 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 
  • Details of the five practices in the Benefits Management Cycle and examples of how they have been applied in practice 
  • Advice on how to get started in implementing effective benefits management practices and sustain progress 

 

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Offerings
This course is not currently scheduled. If you are interested in enrolling, you can send us an email or request a free consultation for group training.
Who Should Attend

The Managing Benefits guidance is relevant to all sectors and types of project or programme, or what the guide refers to as “change initiatives”. 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 and 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, programme and project managers, as well as business change managers) 
  • Change support staff (e.g., portfolio, programme and project office staff, including benefits manager) 

 

Performance Focus
  • Applying the principles of benefits management 
  • Managing benefits at the portfolio, project, and programme levels 
  • Implementing and sustaining benefits management 
  • Preparing for the Foundation exam 

 

What You Will Learn

You’ll learn how to:

  • Define benefits, benefits management and related terms, and the objectives of benefits management 
  • Explain the principles upon which successful approaches to benefits management are based 
  • Define the practices contained within the Benefits Management Cycle and relevant techniques applicable to each practice 
  • Describe key elements of portfolio-based benefits management, as well as the scope of key roles and responsibilities for benefits management and the typical contents of the main benefits management documentation 
  • Identify barriers to effective benefits management and strategies to overcome them, including the key success characteristics of benefits management 
  • Improve your ability to pass the APMG Managing Benefits Foundation Certification exam 

 

Course Overview

Getting Started

  • Introductions 
  • Course structure 
  • Course goals and objectives 

Overview of Managing Benefits

  • The Benefits Management Model 
  • Key Benefits Management Practices 

What is Benefits Management? 

  • Definitions 
  • Value and Value Management 
  • Why do we need benefits management? 
  • Objectives 

Benefits Management Principles

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

The Benefits Management Cycle

  • Barriers to effective and efficient benefits management and overcoming them 
  • Key success characteristics of effective benefits management 
  • Key roles, responsibilities, and documentation 

Benefits Management Practice 1 – Identify and Quantify

Benefits Management Practice 2 – Value and Appraise

Benefits Management Practice 3 – Plan

Benefits Management Practice 4 – Realize

Benefits Management Practice 5 – Review

Portfolio-based Benefits Management

Implementing and Sustaining Progress

APMG Managing Benefits Foundation Exam

Course Summary and Next Steps

IIL is an APMG Accredited Training Organization (ATO) for Managing Benefits. 

About the Foundation Exam

  • 40 minute, closed-book exam 
  • 50 multiple-choice style questions 
  • 25 marks required (out of 50 available) to pass – 50% 

PRINCE2®, MSP®, P3O® and MoP® are registered trade marks of AXELOS Limited. APMG-International Managing Benefits™ is a trade mark of The APM Group Limited. The APMG-International Managing Benefits and Swirl Device logos are trade marks of The APM Group Limited.

 

Other Information

This course may be purchased in conjunction with the 2-day Practitioner course as part of IIL’s 5-day Managing Benefits Certification program.

 

 

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PMI, PMBOK, PMP, CAPM, PgMP, PMI-RMP, PMI-PBA, PMI-ACP, the PMI Logo, the PMI Global Executive Council logo and the PMI Registered Education Provider Logo are marks of the Project Management Institute, Inc. PRINCE2®, PRINCE2 Agile®, ITIL®, IT Infrastructure Library®, M_o_R®, MSP®, P3O® and MoP® are registered trade marks of AXELOS Limited. RESILIA™ is a trade mark of AXELOS Limited. The Swirl logo™ is a trade mark of AXELOS Limited. The PRINCE2, PRINCE2 Agile, ITIL, MSP, MoP, M_o_R, P3O and RESILIA Accredited Training Organization logos are trade marks of AXELOS Limited. APMG-International Change Management™, Managing Benefits™ and AgilePM™ are trade marks of The APM Group Limited. The APMG-International Agile Project Management, Change Management, Managing Benefits and Swirl Device logos are trademarks of The APM Group Limited. Microsoft® is a registered trademark of Microsoft Corporation in the United States and/or other countries. CBAP®, CCBA® and IIBA® are registered trademarks of International Institute of Business Analysis. BRMP® is a registered trademark of Business Relationship Management Institute, Inc.

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