Managing Benefits™ Foundation

• Educational Background: No formal prerequisites are required, though a basic understanding of project or programme management concepts is beneficial. 

• Professional Experience: Ideal for professionals involved in project, programme, or portfolio management or those overseeing benefits delivery. 

• Interest in Value Realisation: Suitable for anyone keen to ensure organisational initiatives deliver measurable benefits aligned with strategic objectives. 

• Understand Benefits Management Principles: Gain foundational knowledge of benefits management frameworks and practices. 

• Develop Benefits Planning Skills: Learn to identify, define, and plan benefits effectively within organisational initiatives. 

• Align Benefits with Strategy: Acquire the ability to connect benefits realisation with organisational goals and objectives. 

• Improve Governance and Realisation: Build expertise in establishing governance frameworks for tracking and achieving benefits. 

The Managing Benefits™ Foundation course is tailored for professionals seeking to ensure that organisational initiatives deliver measurable value. It provides a comprehensive introduction to benefits management principles, helping learners implement effective practices aligned with strategic goals. Below are the individuals who will benefit from this course:

• Project Managers
• Programme Managers
• Portfolio Managers
• Change Managers
• Business Analysts
• Strategy Professionals
• Benefits Managers 

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 

• 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