Benefits Management and Realization

The course explains principles, processes, and approaches to Benefits Management to maximise ROI.

It is a highly recommended training for individuals and organizations.

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ACCREDITED BY

This course is accredited by the Project Management Institute, Inc. as a PDU Program.

DURATION & CREDITS

Hours: 21
Course Identifier: PMAC8201
PDUs: 21 Business Acumen

DELIVERY

Online Instructor-led (21 hours)
Classroom (3 days)

PMAC is a Project Management Institute (PMI) Authorized Training Partner..

Benefits Management and Realization Course Overview

This course designed to provide a detailed understanding of principles, practices, and techniques to define, create, optimize, deliver, and sustain the program benefits.

Based on International Standards, the course helps you master five phases of Benefits Management Cycle and apply them in practice.

The competencies attained through the course are transferable to real-life work environments, and facilitate achievement of better organizational results and advancement of careers.

This course awards 21 Professional Development Units (PDUs).

At the end of this program, you will be able to:

  • Identify and assess the value of program benefits.
  • Analyse the potential impact of planned program changes on the expected benefits.
  • Manage the interdependencies among the outputs being delivered by the various components within the program.
  • Ensure the expected benefits are aligned with the organization’s strategic goals and objectives.
  • Assign responsibility and accountability for the realization, transition, and sustainment of benefits provided by the program and ensure that the benefits
    can be sustained.
  • Create Benefits Register and Benefits Management Plan.
  • Explain activities relating to the Benefits Delivery Phase.
  • Evaluate key performance indicators related to program financials, compliance, quality, safety, and stakeholder satisfaction, in order to monitor the delivery of benefits.
  • Perform initiating, executing, transitioning, and closing components, and managing the interdependencies among them.
  • Evaluate opportunities and threats affecting benefits, including updating the benefits register for new opportunities and risks affecting benefits, and updating realized or obsolete risks affecting benefits.
  • Create reports or metrics relating and record program progress in the benefits register and report to key stakeholders.
  • Create a transition plan to facilitate the ongoing realization of benefits when turned over to the impacted operational areas.
  • Verify that the integration, transition, and closure of the program and its components meet the benefits realization criteria established to achieve the program’s strategic objectives.
  • Develop a benefits sustainment plan.
Upcoming Classes
Sat 3rd May 2025 – Sat 10th May 2025

(3 days Weekends, 9:00 to 17:00 IST)

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Sat 7th Jun 2025 – Sat 14th Jun 2025

(3 days Weekends, 9:00 to 17:00 IST)

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Sat 5th Jul 2025 – Sat 12th Jul 2025

(3 days Weekends, 9:00 to 17:00 IST)

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    Course Syllabus

    Lessons 1: Benefits Identification
    • Benefits identification overview
    • Analyse the available information about organizational and business strategies, internal and external influences, and program drivers to identify and qualify the benefits
    • Identify Key performance indicators
    • Collect and list the planned benefits
    • Establish Target dates and milestones for benefits achievement
    • Create Benefits Register
    Lessons 2: Benefits Analysis and Planning
    • Benefits Analysis and Planning Overview
    • Define activities necessary for achieving the program’s planned benefits
    • Establish the benefits management plan
    • Define and prioritize program benefits, as well as components and their interdependencies
    • Define the key performance indicators required to monitor the delivery of program benefits
    • Update positive and negative risks to benefits as more information becomes known
    • Benefits Management and the Program Roadmap
    • Benefits Register Update
    Lesson 3: Benefits Delivery
    • Benefits delivery phase overview
    • Monitor the organizational environment
    • Initiate, perform, transition, and close components
    • Evaluate opportunities and threats affecting benefits
    • Update the benefits register
    • Evaluate key performance indicators (financials, compliance, quality, safety, and stakeholder satisfaction)
    • Monitor the delivery of benefits
    • Record program progress
    • Corrective actions
    • Benefits and Program Components
    • Benefits and Governance Framework
    • Ensure Strategic alignment
    • Focus on Value delivery
    Lessons 4: Benefits Transition
    • Benefits transition phase overview
    • Develop a transition plan
    • Verify the integration, transition, and closure of the program and itscomponents
    Lesson 5: Benefits Sustainment
    • Benefits sustainment phase overview
    • Plan for the operational, financial, and behavioural changes
    • Implement the required change efforts
    • Monitor the performance of the product, service, capability, or results

    Who Should Attend

    The Benefits Management and Realization Course is suitable for individuals or teams who are seeking formal, globally recognized skills and capabilities in managing program benefits. It is beneficial for:

    • Program Managers
    • Portfolio Managers
    • Program sponsors
    • Portfolio sponsors
    • Project Managers
    • Functional Managers
    • C-Suite Executives
    • Members of program steering committee
    • All other program stakeholders

    Training Options

    Online Instructor-led
    • Experience live, interactive learning with The PMAC’s Online Instructor-led Course.
    • Engage directly with expert instructors and peers just like in a classroom session.
    • Enjoy the quality of interaction and engaging delivery.
    Enroll
    Onsite
    • Fulfill your training requirements with The PMAC’s In-house/Onsite Course at your premises.
    • Avail expertise of leading practitioners for professional development of your teams.
    • Request an appointment to tailor delivery to your needs.
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    Course Reviews

    Why Choose Us

    Renowned experts

    Leading practitioners who bring current best practices and case studies to the sessions.

    Experiential Learning

    Student activities with simulations and roleplays for highly engaging experience.

    Career growth

    Cutting-edge curriculum designed to develop those skills which are in high demand these days.

    Live classes

    Class with a live instructor and other delegates to help you communicate with your trainer and peers.

    FAQs

    Is this course right for me?

    It is an essential course for all those who are working on programs and portfolios. It enhances your credibility and expertise in Benefits Management and Realization and helps you improve program success rates.

    Attending this course enables you to approach wider your job prospects – equipped with new competencies to successfully identify and manage program benefits.

    Do I gain practical skills?

    Yes, you do gain practical skills which you can apply right away to real-world programs, and portfolios. The course is delivered by the leading practitioners who bring real life examples, current best practices, and case studies to the sessions. This workshop involves multiple student activities, simulations, and hands-on exercises.

    How does my organization benefit from this course?

    For organisations, this training ensures that their employees are proficient in deploying best practices for benefits management and realization, leading to improved program execution, reduced risks, on time and within budget delivery.

    The skills acquired from this course help people excel at their jobs and lets them contribute to their organization's success in achieving program benefits. Moreover, it strengthens an organization's competitive edge and realization of intended Program ROI.

    Can I get some more understanding?

    Yes, for additional information, write to us at info@pmacconsulting.com

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    Disclaimer:

    “PMI”, the PMI logo, “ATP”, “ATP logo”, “the PMI® Authorized Training Partner seal”, “PMP”, “PMI-ACP”, “PMI-RMP,” “PgMP,”“PfMP”, and “CAPM”, “(PMI-CP)”, “PMI-PMOCP”, “PMI-PBA”, “CPMAI”, and “PMBOK” are registered marks of Project Management Institute, Inc.