This course is based on the APMG Guide “Managing Benefits™” and includes the Foundation Certificate examination.
“Managing Benefits” is a new guidance developed by APMG as a component of a comprehensive Best Practice Framework set which includes PRINCE2®, MSP®, P3O® & MoP®.
The purpose of the Managing Benefits™ guidance and certification scheme is to provide managers and practitioners from multiple disciplines, working in a variety of organisations, with generally applicable guidance encompassing benefits management principles, practices and techniques.
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.
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.
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.
Practitioner level aims to confirm whether the candidate has achieved sufficient understanding of how to apply and tailor the guidance in a scenario situation. Specifically candidates should be able to:
- Plan the implementation of benefits management, select appropriate strategies to sustain and measure progress;
- Select and adapt principles, practices and techniques to suit different organisational 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.
Who should attend
This programme 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 & 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)
- 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.
This course is available for inhouse presentation only. For an a obligation-free quotation please contact us.
It is a multiple-choice, closed-book format exam composed of 50 questions. Candidates have 40 minutes to complete the exam and must achieve 25/50 correct answers (50%) to pass.
It is a 2.5 hour, objective-testing format exam composed of 8 questions with 10 marks available per question. Candidates must score at least 40/80 (50%) to pass. This is a Open book exam (Managing Benefits guide only).