COURSES > PROCUREMENT, FINANCE & FRAUD
Benefits Management to Demonstrate Value and Return on Investment
Gain Buy-in for Your Projects
Chaired by
Bernie Leadbeater
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Overview
In the current economic climate, it is essential that public sector projects can demonstrate that they represent value for money (VFM).
Benefits management techniques help to secure buy-in from key stakeholders by demonstrating VFM and return on investment (ROI) when evaluating a project and reporting results.
This highly interactive course will help you to:
Understand benefits management and examine and apply different appraisal techniques
Identify the risks and benefits of a fit-for-purpose approach to ROI
Improve your approach to financial analysis and create better business cases
Communicate value for money to senior stakeholders more effectively
Have an overall positive impact on organisational performance
You will take back tried and tested ROI approaches and techniques to your organisation, improving your ability to appraise projects, improve their value and achieve better results.
Project Management Consultant
As a trainer, I have presented many successful courses with consistently good feedback and excellent pass rates. I have delivered courses in the UK, Malta, Canada and Bangladesh, and throughout Europe.
As a project manager, I have managed and participated in all aspects of projects, from initial business case to implementation and handover to support, and realization of benefits, including managing budgets, in-house project teams, 3rd party suppliers, configuration, business process re-engineering, scope, risk and change management, etc.
Learning Outcomes
See Benefits Management as a method to improve the value of your investments in change
Learn about different appraisal techniques and which works best for your project
Understand who needs to be involved in the appraisal process
Efficiently communicate the findings of a value-for-money analysis to senior management and project teams
Refine your financial analysis for the whole project lifecycle
Learn how to quantify non-financial benefits to determine the success of a project
All the Understanding ModernGov courses are Continuing Professional Development (CPD) certified,
with signed certificates available upon request for event.
Enquire About In-House Training
To speak to someone about a bespoke training programme, please contact us:
0800 542 9414
InHouse@moderngov.com
Agenda
09:00 - 09:30 Registration
09:30 - 10:00 Trainer’s Welcome and Clarification of Learning Objectives
10:00 - 11:00 An Introduction to Return on Investment Analysis and Benefits Management
Understand and define what a benefit is
Learn the difference between outcomes, capabilities and objectives
Know everything about benefits: identify, manage, map and track them through the project lifecycle and benefits cycle
Identify and understand the relationship between project management, change management and benefits management
What and who is involved
11:00 - 11:15 Morning Break
11:15 - 12:45 Examining Different Appraisal Techniques
Financial technique
Payback period
Net presence value
Internal rate of return
Cost, Benefit, and Risk analysis
Non-financial benefits and quantifying them
Proxy and Leading indicators
12:45 - 13:45 Lunch
13:45 - 14:30 Communicating Value for Money
Understand different ways of communicating benefits at various stages of a project lifecycle
Learn how to secure buy-in from stakeholders
Demonstrate Value for Money and Return on Investment
14:30 - 14:45 Afternoon Break
14:45 - 16:00 Refining Your Financial Analysis through the Lifecycle
Revise the business case through the lifecycle
The five-case model: its lifecycle and benefits
Toolkit: Confidence and attribution
Optimism bias discounting based on reference classes
16:00 - 16:15 Feedback, Evaluation & Close
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