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Managing Benefits™ Foundation & Practitioner
What is Managing Benefits™ Foundation & Practitioner?
Effective benefits management is essential for organisations to maximise the value of their initiatives. The Managing Benefits™ framework provides structured guidance for identifying, optimising, and realising benefits from projects and programmes. This course equips delegates with the knowledge and tools to align benefits with organisational strategy, ensuring resources are used efficiently to deliver measurable value.
Proficiency in managing benefits is vital for professionals responsible for delivering successful outcomes in projects, programmes, or portfolios. It is particularly valuable for programme and project managers, portfolio managers, change managers, and business analysts. Mastering these skills ensures that investments yield the intended value, driving organisational success and achieving stakeholder satisfaction.
This 5-day Managing Benefits™ Foundation & Practitioner Course offred by Oakwood International prepares delegates for both Foundation and Practitioner levels. Combining theoretical knowledge with practical application, delegates will learn to implement the Managing Benefits™ framework effectively. Case studies, and expert-led sessions ensure delegates are equipped to identify, plan, and realise benefits for their organisations.
Course Objectives
To understand the principles and practices of benefits management
To identify and categorise potential benefits across projects and programmes
To establish a benefits management strategy aligned with organisational goals
To apply tools and techniques for planning, delivering, and reviewing benefits
To integrate benefits management into existing governance frameworks
To monitor and evaluate benefits realisation effectively
To prepare for the Managing Benefits™ Foundation and Practitioner exams
Upon completion, delegates will receive dual certification in Managing Benefits™ Foundation and Practitioner from Oakwood International, validating their expertise. This globally recognised credential enhances professional credibility and opens doors to advanced roles in benefits and portfolio management.
Course Outline
Managing Benefits™ Foundation & Practitioner
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 of 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
Module 10: Exercise
Principle
Benefits Mapping
Techniques to Address the Bias or Issue
Benefits Categorisation
Investment Appraisal and Portfolio Prioritisation
Realise Practice
Taking Action on Variances
Developing a Value Culture
Portfolio-Level Documents and Roles
Module 11: Group Discussion
Causes of Success and Failure
Benefits Mapping
Linking Benefits to Strategy
Behavioural Implications of Setting Targets
Value Culture
Investment and Options Appraisal
Benefits Reporting
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 & Practitioner course?
It is a comprehensive training programme designed to equip delegates with the knowledge and skills to manage, optimise, and realise benefits from projects and programmes effectively.
Q. Who should take this course?
This course is ideal for project managers, programme managers, portfolio managers, change managers, business analysts, and anyone involved in delivering organisational benefits.
Q. What are the key skills gained from this course?
Delegates will learn to identify, plan, and realise benefits, integrate benefits management into governance frameworks, and align benefits with organisational objectives.
Q. What is the difference between the Foundation and Practitioner levels?
The Foundation level focuses on the principles, practices, and terminology of benefits management, while the Practitioner level teaches advanced application of these principles in real-world scenarios.
Q. How will this course benefit my career?
The certification validates your expertise in benefits management, opening opportunities in senior project, programme, or portfolio roles.
