Managing Benefits Foundation Course

What does the course cover?

This Managing Benefits Foundation 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 Managing Benefits Foundation is perfect for 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.

• Multiple choice format
• 50 questions per paper
• 25 marks or more required to pass – 50%
• 40 minutes duration
• Closed-book exam
• Take your exam online with ProctorU, find out more on our exams page

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.