The purpose of the Managing Benefits™ guidance and certification scheme is to provide managers and practitioners from different disciplines / in a variety of organizations with applicable guidance in benefits management principles, practices and techniques.
Course description:
This 3-day foundation course discusses Managing Benefits guidance at a foundation level, ensuring that the candidate has sufficient knowledge and understanding of the principles, practices and techniques of this domain.
Individuals certified at this level have a demonstrated understanding of:
• Definitions, scope and objectives of benefits management, barriers to its effective practice, and the key characteristics of success.
• Principles and approaches to successful benefits management.
• Five practices contained within the Benefits Management Cycle and relevant techniques applicable for each practice.
• Key elements of portfolio-based benefits management.
• Scope of key roles and responsibilities for benefits management and the typical contents of the main benefits management documentation.
• The various approaches to implementation and the factors to consider in sustaining progress.
Program:
Day 1)
• Overview and Principles
• Identify and Quantify
• Value and Appraise
• Plan
Day 2)
• Realize
• Review
• Portfolio based application
• Implement, Sustain and Measure
• Take Mock Exam
Day 3)
• Mock Exam Review
• Recap
• Exam
Audience:
The guidance (and supporting qualifications) are aimed at those with a role in ensuring optimal use of taxpayer and shareholder funds by maximizing the benefits realized from change initiatives.
• 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.
Prerequisites:
• There are no formal prerequisites for this course
Language:
• English course material and Norwegian or English speaking instructor
b>Certification:
Exam information:
• Closed-book format
• 50 multiple-choice questions
• 40 minutes
• A minimum of 25 correct answers (50%) to pass