Managing Benefits™

Module 1 - Managing Benefits Overview

This section covers:

• Definitions, Scope and Objectives of Benefits Management
• The Foundation Exam format and structure
• The Nine Themes of Effective Benefits Management
• Barriers to Effective Benefits Management
• Value Management Techniques
• The Organisational Context

Module 2 - Managing Benefits Principles

This section covers:

• Driver-based Analysis - the Service Value Chain
• The seven Benefits Management Principles and their key elements:
  • Align benefits with strategy
  • Start with the end in mind
  • Utilize successful delivery methods
  • Integrate benefits with performance management
  • Manage benefits from a portfolio perspective
  • Apply effective governance
  • Develop a value culture

Module 3 - Identifying and Quantifying Benefits

This section covers:

• The Objectives and Scope of the identify & Quantify Practice
• Benefits and Their Relation to Strategic Drivers and Investment Objectives
• Benefits Mapping and Customer Insight
• Quantifying and Forecasting Benefits
• Identifying Benefits

Module 4 - Valuing and Appraising Benefits

This section covers:

• The Objectives and Scope of the Value and Appraise Practice
• Cost Benefit analysis
• Real options analysis
• Cost effectiveness analysis
• Multi-criteria analysis
• Valuing Benefits in Monetary Terms

Module 5 - Planning Benefits Realisation

This section covers:

• The Objectives and Scope of the Plan Practice
• Validating and Prioritising 
• Pre-transition Activities
• Risk Management
• Benefits Documentation, and Roles and Responsibilities
• Planning Effective Stakeholder Engagement

Module 6 - Realising Benefits 

This section covers:

• The Objectives and Scope of the Realise Practice
• Transition management
• Achieving behavioural change
• Tracking and Reporting Benefits Realisation

Module 7 - Review Benefits Realisation

This section covers:

• The Objectives and Scope of the Review Practice
• Start Gates and Pre-mortems
• In flight reviews
• Post implementation and Post Investment reviews
• Initiative Benefit Reviews and Independent Reviews
• OGC Gateway Review

Module 8 - Portfolio Based Application of Benefits Management

This section covers:

• The Objectives and Scope of Portfolio Based Benefits Management
• The Seven Main Elements of Portfolio Based Application
• Benefits Documentation, and Roles and Responsibilities at Portfolio Level
• Tracking and Reporting at Portfolio Level
• Dual Dimension Benefits Categorisation

Module 9 - Implementing, sustaining and measuring Benefits

This section covers:

• The Three Broad Approaches to Implementing Benefits Management 
• Advantages to Planned Approaches to Implementation
• The Advantages of Planned Approaches
• The First Ten Steps in Implementing Benefits Management
• The Factors to Consider in Sustaining Progress
• Six Factors to Sustaining Progress
• The Benefits Management Model

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