Benefits Management and Business Acceptance
Duration: 3 Days (24 Hours)
Benefits Management and Business Acceptance Course Overview:
The Benefits Management and Business Acceptance certification is a credential centered on proficiently prioritizing and executing business alterations for maximal effectiveness. It centers on orchestrating benefits from a business standpoint and comprehending acceptance protocols within a business milieu. Industries deploy this certification to ensure alignment of change endeavors with business strategic objectives, enhance risk-adjusted return on investment, and ascertain thorough compliance with improvement benchmarks. It forms a cornerstone in project, program, and portfolio management by empowering certified professionals to showcase their adeptness in assuring projected benefits, recognizing interdependencies, and skillfully overseeing benefits throughout diverse stages.
Intended Audience:
• Business leaders and executives implementing new policies or strategies
• Project managers overseeing the implementation of new projects or systems
• Human resources professionals managing benefits for employees
• Team leaders and supervisors promoting organizational change
• IT professionals managing system transitions and upgrades.
Learning Objectives of Benefits Management and Business Acceptance:
The learning objectives of a Benefits Management and Business Acceptance course encompass:
- Grasping the strategic significance of benefits realization within project management and aligning business objectives with project results.
- Acquiring techniques for identifying, analyzing, and overseeing benefits throughout project planning and execution.
- Gaining insight into the business acceptance process and exploring approaches to guarantee project outcomes align with business requisites.
- Enhancing skills in effectively communicating and advocating the anticipated project benefits to stakeholders, thereby amplifying stakeholder buy-in and support.
Module 1: Introduction (5%)
- The rationale for Benefits Management
- The rationale for Business Acceptance
- Lifecycle for solution development
Module 2: Defining the Business Benefits (15%)
- Developing the business case
- Contents of a business case
- Ensuring strategic fit
- Critical Success Factors and Key Performance Indicators
- The value chain and value propositions
- Drivers for business change
Module 3: Benefits Classification and Networks (15%)
- Benefits Classification
- The measurement of anticipated benefits
- Defining business benefits, business changes and enabling changes
- The benefits dependency framework
Module 4: Planning for Benefits Management (15%)
- Identifying benefit owners
- Role and responsibilities of senior responsible owner
- Stakeholders in benefits management
- Identifying relevant costs
- Investment appraisal – payback, net present value and internal rate of return
- Determining discount rate
Module 5: Testing for Business Acceptance (5%)
- The objectives of acceptance testing
- Principles of testing
- Roles and Responsibilities
- Acceptance testing in the system development lifecycle
- Functional and non-functional testing
Module 6: Test Design Techniques (15%)
- Test conditions and test cases
- Models to design tests and establish coverage
- Test cases from selected models
- Test procedure specification
Module 7: Test Planning, Management and Confirmation (5%)
- Test progress monitoring and control
- Incident Management
- Confirmation Testing
Module 8: Reviewing the Business Case (10%)
- Review gateways
- Assessing the impact of changes
- Revising the business case
- Reassessing the benefits
Module 9: Implementing the Business Change (5%)
- Planning the implementation
- Implementation strategies
- Contingency planning
- Managing stakeholders
- Developing the required skills and knowledge
Module 10: Benefits Delivery (10%)
- Embedding the business changes
- Reviewing the achievement of predicted benefits
- Defining and enacting actions and adjustments
- Confirming delivery of the benefits plan
- Assessing the potential for further benefits delivery
- Signing off the business case
Benefits Management and Business Acceptance Course Prerequisites
• Previous experience in project or benefits management
• Basic understanding of concepts like project lifecycle, benefits realization
• Knowledge of business acceptance processes and techniques
• Familiarity with risk management and business analysis
• Proficiency in English language as the course is typically conducted in English.
Discover the perfect fit for your learning journey
Choose Learning Modality
Live Online
- Convenience
- Cost-effective
- Self-paced learning
- Scalability
Classroom
- Interaction and collaboration
- Networking opportunities
- Real-time feedback
- Personal attention
Onsite
- Familiar environment
- Confidentiality
- Team building
- Immediate application
Training Exclusives
This course comes with following benefits:
- Practice Labs.
- Get Trained by Certified Trainers.
- Access to the recordings of your class sessions for 90 days.
- Digital courseware
- Experience 24*7 learner support.
Got more questions? We’re all ears and ready to assist!
Request More Details
