The purpose of the Managing Benefits certification is to provide managers and practitioners generally applicable guidance encompassing benefits management principles, practices and techniques.
Who should take the course?
Those involved in the selection and delivery of business change initiatives such as change leaders, initiators, appraisers and implementers. This may also include change support staff.
Benefits – individual
Managing benefits can improve individual’s professional proficiency through improving their ability to implement methods, including knowledge of management accountancy, behavioural finance, psychology, neuro-science and systems thinking.
Benefits – organisation
Organisations invest in change to realise benefits, yet it is estimated that around two thirds of projects fail to realise those benefits. This course allows organisations to correctly forecast, measure and manage the delivery of those benefits.
During the five days, there will be a combination of formal presentations, group and individual exercises enabling delegates to gain an understanding of the following topics.
- What is Benefits Management?
- Benefits Management Cycle
- Skills and Competencies
- Roles and Responsibilities
- Portfolio-based Benefits
- Sustaining Progress
Although there are no prerequisites to attending this course, students should be familiar with the basic concepts and language of business change.
Students have to attain a pass at Foundation level to continue the course and sit the Practitioner exam.
The Foundation part of the course aims to enable delegates to understand 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
- 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
The Practitioner level element aims to enable delegates to apply and understand how to tailor Managing Benefits effectively. Specifically candidates should be able to demonstrate their ability to:
- Plan the implementation of benefits management, select appropriate strategies to sustain and measure progress
- Select and adapt the principles, practices and techniques to suit different organisational contexts
- Apply 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
Bristol - Armada House
With easy access from Bristol Temple Meads station our unique Learning Centre is spacious, comfortable and inspiring. Armada House provides professional training facilities and Wifi is available throughout the building.
Bristol Temple Meads train station is only a short distance away. Buses and taxis to the City Centre or Baldwin Street are frequently available, although when weather permits it is a pleasant walk of approximately 20 minutes. The most direct route on foot is to turn right at the end of the station approach, then walk about 50 metres. Just before the roundabout, cross the road using the pedestrian crossing. You will then see a second pedestrian crossing which you should also cross. Turn right. Stay on the pavement and this will take you off at the next exit from the roundabout into Victoria Street. Walk the length of Victoria Street and over Bristol Bridge, which crosses the river. Turn left into Baldwin Street. Continue past the first left turn (Queen Charlotte Street). The next left turn after Queen Charlotte Street is a pedestrianised cobbled street called Telephone Avenue. Armada House is the last building on the right.
Where to park
There are long-term Pay & Display car parks in The Grove and Canon’s Marsh and NCP car parks in Prince Street and in Queen Charlotte Street. Most of the larger hotels in the area have on-site parking or arrangements with car park operators. These are usually charged over and above nightly rates but not always. There are also Park & Ride facilities located at Long Ashton, Brislington and the Portway (Avonmouth).
You will be provided with pre-course reading approximately two weeks prior to attending the course. This pre-reading is expected to take approximately five hours to complete.
- 50 multiple choice questions
- Pass mark is 50%
- 40 minutes, closed book
- Eight, 10 mark, multiple choice scenario based questions
- Pass mark is 50%
- 2 1/2 hour, open book
Typically pre-course preparation will require 2-3 hours of study.