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Managing Benefits™ Foundation
What is Managing Benefits™ Foundation?
Organisations today strive to maximise value from their initiatives, and the Managing Benefits™ Foundation course provides essential knowledge to achieve this goal. This training introduces the principles, practices, and techniques for managing and optimising benefits across projects, programmes, and portfolios, ensuring organisations realise their strategic objectives effectively and efficiently.
Proficiency in benefits management is crucial for professionals responsible for delivering value through organisational change. This course is ideal for Project and Programme Managers, Portfolio Managers, Business Analysts, Change Managers, and Executives seeking to align benefits with strategic goals. Mastering these skills enhances organisational performance and helps professionals stand out in competitive environments.
This 3 day Managing Benefits™ Foundation Training offered by Oakwood International empowers delegates with the knowledge and practical tools to implement benefits management frameworks. Through expert-led sessions, case studies, and interactive exercises, delegates will gain confidence in identifying, planning, and delivering measurable benefits that drive success.
Course Objectives
To understand the principles and framework of benefits management
To identify and categorise benefits effectively within organisational contexts
To develop a benefits realisation plan aligned with strategic objectives
To implement governance structures to support benefits delivery
To assess and evaluate the effectiveness of benefits realisation
To integrate benefits management into organisational processes
To apply tools and techniques for tracking and monitoring benefits
Upon completion, delegates will receive the Managing Benefits™ Foundation certification from Oakwood International, validating their expertise in benefits management. This credential demonstrates their ability to maximise organisational value and achieve strategic success.
Course Outline
Managing Benefits™ Foundation
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
Included
Included
- No course includes are available.
Offered In This Course:
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Video Content
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eLearning Materials
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Study Resources
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Completion Certificate
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Tutor Support
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Interactive Quizzes
Individual Training
Individual Training fosters personal growth, enhances professional skills, and builds confidence.
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Corporate Training
Corporate Training improves employee skills, increases productivity, and aligns teams with company objectives.
Learning Options
Discover a range of flexible learning options designed to meet your needs. Select the format that best supports your personal growth and goals.
Online Instructor-Led Training
- Live virtual classes led by experienced trainers, offering real-time interaction and guidance for optimal learning outcomes.
Online Self-Paced Training
- Flexible learning at your own pace, with access to comprehensive course materials and resources available anytime, anywhere.
Build your future with Oakwood International
We empower you with the skills, knowledge, and confidence to excel in your career. Join us and take the first step towards realising your professional goals.
Frequently Asked Questions
Q. What is the Managing Benefits™ Foundation course?
The course provides a comprehensive understanding of benefit management principles, practices, and techniques to optimise organisational value from initiatives and projects.
Q. Who should attend this course?
The course is ideal for project Managers, Programme Managers, Business Analysts, Pmo Staff, and Professionals involved in managing or realising benefits in their organisations.
Q. What skills will I acquire from this course?
Delegates will learn to identify, define, and measure benefits, apply effective benefit management frameworks, and ensure value realisation in project and programme environments.
Q. How is this course different from other project management courses?
This course focuses specifically on the management and realisation of benefits, complementing other project and programme management frameworks like PRINCE2® or MSP®.
Q. Why is Managing Benefits™ important for organisations?
Effective benefits management ensures that initiatives align with strategic goals, maximising value and improving decision-making processes at all levels.
