Managing Benefits Combined (Foundation and Practitioner)
The purpose of the Managing Benefits guidance and certification scheme is to provide managers and practitioners from multiple disciplines, working in a variety of organizations, with generally applicable guidance encompassing benefits management principles, practices and techniques.
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Benefits are not simply just one aspect of project and programme management (PPM) – rather, they are the rationale for the investment of taxpayers’ and shareholders’ funds in change initiatives.
The Managing Benefits™ guidance has been carefully designed to complement existing Best Practice in portfolio, programme and project management. It consolidates existing guidance on benefits management into one place, while expanding on the specific practices and techniques aimed at optimizing benefits realization.
This course is for;
- Change leaders e.g. Senior Responsible Owners, members of Management Boards and Directors of Change.
- Change initiators e.g. strategic planners and policy leads.
- Change appraisers and evaluators e.g. finance professionals and economists, business case writers, auditors and project appraisers.
- Change implementers/enablers e.g. Portfolio, Programme and Project Managers.
- Change support e.g. Portfolio, Programme.
- Understand and utilise benefits management – what it is, the case for doing it, and some common misconceptions that can limit its effectiveness in practice
- Describe the seven principles upon which successful approaches to benefits management are built, and examples of how they can be/have been applied in practice
- Apply benefits management at a portfolio level, as well as at an individual project or programme level
- Utilise the five practices in the Benefits Management Cycle and examples of how they can be/have been applied in practice
- Start implementing effective benefits management practices and sustain progress
You must have Project and/or Programme Management experience to attend this course, so ideal qualifications are PRINCE2 Practitioner, MSP Practitioner, APM PMQ, Change Management or similar qualifications.
About 10 hours of pre-course work will be set, and this is important to ensure that candidates have a reasonable overview of the course. The working day for the course is 8 hours, with up to 2 hours homework per night.
The Foundation exam is taken in the afternoon of the 3rd day. No reference material is allowed. The exam lasts 40 minutes and the pass mark is 50%.
The Practitioner exam is taken on the 5th day. A pass at foundation level is a pre-requisite for this exam. The Managing Benefits Guide can be used. The exam lasts 2½ hours and the pass mark is 50%.