Managing Benefits

KursNärVar
Managing Benefits2015-06-08 / 2015-06-10Karlavägen 100, StockholmAnmälan
Managing Benefits2015-06-08 / 2015-06-10Helgolandsgade 4, KöpenhamnAnmälan
Managing Benefits2015-10-12 / 2015-10-14Karlavägen 100, StockholmAnmälan

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Foundation level aims to measure whether a candidate understands the benefits management principles, practices, techniques, roles, responsibilities and documents, specifically to know and understand the:

  • Definitions, scope and objectives of benefits management, barriers to its effective practice, and the key 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
  • Scope of key roles and responsibilities for benefits management and the typical contents of the main benefits management documentation
  • Approaches to implementation and the factors to consider in sustaining progress.

Purpose

The purpose of the Managing Benefits guidance and certification scheme is to provide managers and practitioners from multiple disciplines, working in a variety of organizations, with generally applicable guidance encompassing benefits management principles, practices and techniques.

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 can be/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 can be/have been applied in practice.
  • Advice on how to get started in implementing effective benefits management practices and sustain progress.

Target Audience

The 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 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, programme & project managers)
  • Change support staff (e.g. portfolio, programme & project office staff)

Benefits for Individuals

  • Enhanced professional competence through benefits management practices and techniques
  • Ability to implement methods, including knowledge of management accountancy, behavioural finance, psychology, neuro-science and systems thinking.
  • Understanding of the seven principles upon which successful approaches to benefits management are built and applied to projects, programmes and portfolios. The guide provides a route map to adoption of more cost-effective techniques and practices.
  • Adept at forecasting realistic benefits to produce business cases which address business issues and objectives and provide a route to measure success.
  • Outline costs and benefits to drive business objectives.

Benefits for Organizations

  • Realize benefits to improve prospects in terms of investors, clients, revenue and efficiency levels regardless of professional discipline and type of organization.
  • Ability to demonstrate more efficient and effective practices through better use of available resources. This enhances an organization’s ability to retain motivated and skilled change management staff and to attract investors.
  • Improved return on investment from change initiatives as more benefits are realised and sustained for longer.
  • Enhanced confidence on the part of regulators and funding agencies – so helping ensure continued funding for change.
  • Have an organization-wide understanding of the benefits a project or programme will produce and be able to measure when they are realized.

Managing Benefits Foundation Exam

  • Multiple choice format
  • 50 questions per paper
  • 25 marks or more required to pass (out of 50 available) – 50%
  • 40 minutes duration
  • Closed-book