Managing Benefits Combined (Foundation and Practitioner)

Realising projects’ intended benefits
Overview

The APMG Managing Benefits combined course is applicable for use in projects, as well as for wider business change activities, and is suitable for a diverse range of business professionals to help your organisation maximise the impact of effective benefits management.
This course from APMG consolidates existing guidance on benefits management into one place, while expanding on the specific practices and techniques aimed at optimizing benefits realization.
 

Course Code
Q5ClaProj261
Duration
5 Days
Delivery Style
Classroom
Course Type
Public or Private
Max Delegates
12
Available as Nutshell
No

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  • Date31 Oct 2022
  • VenueVirtual Classroom Learning
  • Cost£2,020
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Purpose of this course

During this course you will learn how to apply and tailor the Managing Benefits guidance in a scenario situation, using the benefits management principles, practices, techniques, roles & documents. These include:
•    Forecasting realistic benefits to produce business cases which address business issues and objectives and provide a route to measure success.
•    Outlining costs and benefits to drive business objectives.

Who is this course for

•    Senior executives, including Change and Transformation Directors, responsible for delivering value for money from the organization’s investments in change and achieving the organization’s strategic objectives.

•    Senior Responsible Owners (SRO’s)/Sponsors/Project Board Executives and project and programme management (PPM) and change management professionals responsible for delivering the change initiatives from which benefits are realized.

•    Portfolio managers and Portfolio Office staff responsible for managing the organization’s portfolio of change initiatives – including optimizing the contribution to strategic objectives.

•    Business Case writers responsible for delivering reliable cases on which to base investment decisions.

•    Finance professionals and economists responsible for undertaking, or participating in, investment appraisal and portfolio prioritization reviews.

•    Business managers responsible for managing the operational functions by which, or within which, change initiatives are delivered and benefits are realized.

•    Change Managers and Benefits Managers responsible for managing business change and benefits realization.

•    Others with an interest in the successful delivery of change, including strategic planners, operational performance managers, internal and external auditors, procurement and commercial professionals etc. 
 

You will learn how to

•    Understand definitions, scope and objectives of benefits management, barriers to its effective practice, and the key success characteristics.

•    Apply principles upon which successful approaches to benefits management are based.

•    Use five practices contained within the Benefits Management Cycle and relevant techniques applicable to each practice.

•    Understand scope of key roles and responsibilities for benefits management and the typical contents of the main benefits management documentation.

•    Understand approaches to implementation and the factors to consider in sustaining progress. 

•    Plan the implementation of benefits management, select appropriate strategies to sustain and measure progress.

•    Select and adapt principles, practices and techniques to suit different organizational environments.

•    Identify activities that should be undertaken during each of the practices of the Benefits Management Cycle together with the accountabilities and responsibilities of each of the defined roles.

•    Evaluate examples of benefits management information (documents).

•    Analyse the solutions adopted in relation to a given scenario.
 

Benefits for your organisation

Having certified Benefits Management practitioners embedded in your organisation will enable your business to demonstrate more efficient and effective practices through better use of available resources. 
It will also enhance an organization's ability to retain motivated and skilled change management staff as well as attracting investors.
 

Benefits for you as an individual

As a certified Benefits Management practitioner you will be in an ideal position to facilitate an organization-wide understanding of the benefits a project or programme will produce and be able to measure when they are realized.
In addition to this you will be able to implement methods, including knowledge of management accountancy, behavioural finance, psychology, neuro-science and systems thinking in your projects and any future benefits management activities
 

  • Overview of Benefits Management
  • Benefits Management Principles
  • Understand the Identify & Quantify Practice
  • Understand the Value & Appraise Practice
  • Understand the Plan practice
  • Understand the Realize practice
  • Understand the Review Practice
  • Portfolio Based benefits management
  • Understand different approaches to Implementing and sustaining benefits management
Prerequisites

There are no pre-requisites for the foundation course, however a basic understanding of projects and business change would be beneficial. In order to take the practitioner course you will need to have passed the foundation exam which will be part of the combined course.

More about the exam

Foundation

Multiple choice format
50 questions per paper
25 marks or more required to pass (out of 50 available) - 50%
40 minutes duration
Closed-book

Practitioner

Objective testing
8 questions per paper with 10 marks available per question
40 marks or more required to pass (out of 80 available) - 50%
2 ½ hours duration
Open book exam (Managing Benefits guide only)