Managing Benefits Foundation Course

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 is at the top of most senior executives list of priorities.

The reason organisations 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.

The Managing Benefits training is available in classroom and online format, which can be taken anywhere in the world and combined with online exams.

Training options

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    Online

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    Onsite

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    Virtual

  • Course outline
  • Audience
  • Exam
  • Why Training Bytesize
  • More

What does the course cover?

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.

Is the course right for me?

The target audience includes all those with a role in ensuring best use of funds by maximising the benefits realised 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.

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 with Training Bytesize?

As experts in delivering project management training through a range of study styles, your success is key to our success. We understand how people learn, we know how to train people to pass exams, we employ the best trainers and specialise in small class sizes to help you get the best from your investment. So, if you’re looking to enhance your project management skills and ensure you pass first time, Training ByteSize is a name you can trust.

As a family run business, project and programme management training is in our blood, and so is innovation. Our founders have been part of the industry since the 1990’s, specifically founding Key Skills and developing the world’s first accredited e-learning course for PRINCE2.

Today we are proud to continue with world firsts; with second generation Victoria at the helm, she had led Training ByteSize to ensure were the first company to develop and deliver e-learning options for accredited courses including Business Analysis Foundation, ITIL4, and AgilePM.  When we say we’re experts in project management training, we really do mean it.

Benefits for your organisation
  • Realise benefits to improve prospects in terms of investors, clients, revenue and efficiency levels regardless of professional discipline and type of organisation.
  • Ability to demonstrate more efficient and effective practices through better use of available resources. This enhances an organisation’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 organisation-wide understanding of the benefits a project or programme will produce and be able to measure when they are realised.
Benefits 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.

Prices

  • Online
  • Onsite
  • Virtual

Managing Benefits Foundation Course

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Online learning is a great way to study and our e-learning portal is interactive and engaging.

Studying for your qualification online is a viable option for so many project managers:

  • Learning is completely flexible to suits your busy schedule
  • The interactive online course consists of voice-over and animation to keep you engaged throughout the learning
  • You can access it anywhere in the world and take your exam online at a time that suits you best
  • The Foundation e-learning will take around 10 hours to complete and includes a mock exam simulator with over 200 past questions so you can really test yourself before going for the real exam
  • Our pass rates are well in excess of the national average (nearly 100%!), there is really no reason you should fail!

Please be aware, the Managing Benefits handbook is required for the Foundation exam and studies, you can buy yours here

Online training

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Online training

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Managing Benefits Foundation Course

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If you are looking to train a team of people, you’ll find that our onsite training is a viable and cost effective option for you. We will ensure that from the initial consultation of your requirements to the end result of the course, you and your learners will have had the best possible learning experience and we strive for the highest pass rates for your team. We also offer group online training. Maybe you would like everyone to study online in order to save time out of the office? We offer great prices for multiple learners; the best way to find out the pricing for that is to complete this short form and we’ll come right back to you.

Managing Benefits Foundation Course

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Our Virtual Course platform delivers accredited and certified training, led by leading subject matter experts, direct to your home, mobile, computer or office without the hassle of travelling or staying away. It is so easy to fit in an online class into your busy schedule; simply log in from home, the office, or even while you are travelling.

Students can ask questions using a headset, webcam or a chat window, and get their questions answered, just like in a traditional classroom. Questions can be lined up and answered at intervals, without interrupting the teacher’s flow of thought. There is no difference in the level of interaction – in fact distractions are significantly reduced because of this way of teaching. Our trainers have a minimum of 10 years training experience, plus have previously run and managed live projects, so have real-life experience they bring to the virtual session.

If you would like to find out more about this option please call our team or complete this short form and we’ll come right back to you.

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