Managing Benefits Foundation

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

Learning how to effectively Manage Benefits is core to every Portfolio, Programme and Project, as it underpins the reason for change and why the investment was made in the first place.In this new post-recession world we live in, accountability is more important than ever, and delivery and realisation of Benefits at the top of most senior executives list of priorities.The reason organizations invest in change is to realise benefits, yet it is estimated that around two thirds of projects fail to realise those benefits, because the benefits are not being correctly forecasted, measured or managed to successful delivery.

Managing Benefits Course Syllabus

This Managing Benefits course 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.Managing Benefits has been carefully designed to complement existing Best Practice in portfolio, programme and project management such as PRINCE2®, MSP®, P3O® & MoP®. It consolidates existing guidance on benefits management into one place, while expanding on the specific practices and techniques aimed at optimising benefits realisation.The 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.

Will Managing Benefits be right for you?

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).Everyone involved in managing benefits, development of the Business Case, or indeed the Project will benefit from the tools and techniques described in the online Managing Benefits course, and can go on to take a recognised certification through the Foundation exam.Although Managing Benefits would apply to any organisation undertaking change, it is particularly relevant to companies using PRINCE2® or MSP®, and builds on the Benefits Realisation within the project and programme lifecycle.As an individual, Managing Benefits also builds on your existing qualifications of PRINCE2® or MSP® to better plan, forecast and realise improvements for your business.

Managing Benefits Exam Format

Multiple choice format 50 questions per paper 25 marks or more required to pass – 50% 40 minutes duration Closed-book exam

Why study this course with Training Bytesize?

We’ve been in the Project Management training space for over 20 years and we strive for the highest quality learning experience teamed with outstanding customer service. You have choice when it comes to choosing who you study with and we would be honoured if you chose us. From the moment you pick up the phone or submit a web enquiry you will be in the trusted hands of one of our qualified training advisors who have done most of the courses themselves! As a family business we care about your custom and we build our business on partnerships and shared outcomes – An enjoyable learning journey coupled with the desire for you to pass your exam first time. We train across multiple industry sectors from Nuclear, Transport, Utilities, Education, Public Sector, Private Sector, Aerospace, Corporate, Construction, Finance and many others so we understand your language.

Benefits For Your Organisation

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.

For You

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.

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