Managing Benefits Overview
Benefits Management is a concept that many organisations today struggle with. Who should be accountable for benefits, including their realisation? Often benefits are seen as the domain of project management. It is not usually during the project that benefits are realised – generally it is after the project has been delivered, once the deliverables of that project have been embedded into the business and operational use that we hope to see benefits accruing. This may be months (or even years) after the closure of the project.
This course, based on the APMG guide Managing Benefits, focuses on the management of benefits from change initiatives that are delivered via formalised project and programme management methods. Collectively these initiatives form the organisation’s change portfolio.
This course is designed for 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 and Directors of Change.
- Change initiators, e.g. Strategic Planners and Policy Leads.
- Change appraisers and evaluators, e.g. Business Case Writers and Appraisers.
- Change implementers / enablers, e.g. Portfolio, Programme and Project Managers, as well as Business Change Managers.
- Change support staff, e.g. Portfolio, Programme and Project Office staff, including Benefits Managers.
FOUNDATION
The Foundation course provides comprehensive instruction and hands-on practice to embed concepts and techniques presented. This course will enable participants to:
- Understand generally applicable guidance encompassing benefits management principles, practices and techniques
- Prepare for and sit the Managing Benefits Foundation Examination
PRACTITIONER
The Practitioner course prepares participants to undertake the Managing Benefits Practitioner Examination. The Practitioner level qualification aims to measure whether the candidate has sufficient knowledge and understanding of the managing benefits guidance to apply and tailor it to a given scenario situation.
The course also includes review, consolidation of concepts and exam questions for the Practitioner level certification.
Note: The Practitioner course is an examination preparation course and focuses on the application of Managing Benefits to prepare candidates for the Practitioner examination.
KEY TOPICS
Foundation
At Foundation level, the course helps participants to:
- Explain Benefit 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 benefits management practices are built, and examples of how they can be/have been applied in practice.
- Details of the five practices in the Benefits Management Cycle relating to individual change initiatives, and examples of how they can be/have been applied in practice.
- Provide guidance on how to apply benefits management at a collective or portfolio level encompassing all projects and programmes included in the change portfolio.
- Understand how to get started in implementing effective benefits management practices and how to measure and sustain progress.
- Foundation exam preparation.
Practitioner
The Practitioner course builds on the Foundation course and focuses reviewing syllabus areas, including:
- Principles of benefits management.
- Benefits Management Cycle (Identify and quantify, Value and appraise, Plan, Realise, Review).
- Portfolio-based benefits management.
- Implement and sustain progress in the adoption of benefits management.
- Understanding how to apply and tailor the Managing Benefits guidance in a scenario situation.
As part of PM-Partners’ new integrated learning solution, this course offers students the option to attend our bespoke classroom in person or virtually by dialling in from a remote location. Trainers are skilled at both delivery methods and use the latest in virtual technology to simultaneously provide participants with the same interactive, multi-faceted and challenging learning experience. Whichever delivery mode learners choose, comprehension and recall techniques will be used to provide them with a solid understanding of Managing Benefits.
For group bookings, courses can be customised to suit your requirements and conducted onsite at your premises, at our training centre, or virtually.
Virtual training: You can learn more about our virtual delivery here.
Materials: A comprehensive participant handbook and the Managing Benefits publication is provided for the Foundation course.
A participant handbook is provided to Practitioner participants.
FOUNDATION
The purpose of the Foundation qualification is to confirm that a candidate has sufficient knowledge and understanding of benefits management principles, practices and techniques to work effectively in a range of benefits management roles.
The course includes the Managing Benefits Foundation exam which consists of:
- 50 multiple choice questions
- 50% pass mark (25/50)
- 40 minutes duration
- Closed book
All courses
The exam is taken on the afternoon of day 3 of the Foundation course.
PRACTITIONER
By completing the Practitioner course, you will have sufficient knowledge to sit the Managing Benefits Practitioner exam which consists of:
- Complex multiple-choice questions
- 8 questions per paper – with 10 marks available per question
- 40 marks or more required to pass (out of 80 available) – 50%
- 2.5 hours duration
- Open book exam (Managing Benefits guide only)
All courses
The exam is taken on the afternoon of day 2 of the Practitioner course.
APMG International administers the Managing Benefits examination scheme.
DEVELOPMENT UNITS
PDUs
Participants who have been awarded the Project Management Professional (PMP)® credential by the Project Management Institute (PMI)® are eligible to earn PDUs for their participation in this course as follows:
Foundation
- All courses (3 days): 21 PDUs (4 Ways of Working, 13 Business Acumen and 4 Power Skills)
Practitioner
- All courses (2 days): 14 PDUs (2 Ways of Working, 10 Business Acumen and 2 Power Skills)
CPDs
Participants holding any of the Project Management accreditations (CPPP/CPPM/CPPD) are eligible to earn CPDs as follows:
Foundation
- All courses (3 days): 20 CPDs
Practitioner
- All courses (2 days): 20 CPDs
Foundation
There is no pre-course work or prerequisites for the Managing Benefits Foundation course. It is recommended that participants have experience with change initiatives and an interest in exploring benefits management principles, practices, techniques, roles and responsibilities and documents.
Practitioner
To be eligible to sit the Managing Benefits Practitioner exam, participants must have obtained a pass in the Managing Benefits Foundation exam (25 or more out of 50).
WHERE IS THE TRAINING VENUE LOCATED?
Sydney courses are held at 45 Clarence Street, Sydney.
Melbourne courses are held at 123 Queen Street, Melbourne.
I REQUIRE AN INVOICE BEFORE PAYMENT IS PROCESSED – CAN I STILL BOOK THIS COURSE ONLINE?
Yes. Simply select ‘invoice’ from the payment options during the checkout process and one of our consultants will be in contact to organise payment.
IS THIS A CERTIFIED COURSE?
Yes. The Foundation and Practitioner exams are undertaken on the final day of each course. Upon passing the exams you will be certified.
IS THE EXAM FEE INCLUDED?
Yes. The exam fee is included in the course cost.
Note: You must have completed and passed the Foundation exam as a prerequisite to sitting the Practitioner exam.
CAN I BUY THESE COURSES AS A PACKAGE?
Yes. Managing Benefits Foundation and Managing Benefits Practitioner can be purchased together as a package at a discounted rate.
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ALEX MEYERS
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Managing Benefits™ Foundation and Practitioner
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Foundation to Practitioner
$3,450 ex. GST
Foundation
Duration: 3 days
Exam:
Taken on the afternoon of day 3 of the course
Practitioner
Duration: 2 days
Exam:
Taken on the afternoon of day 2 of the course
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