Projects Benefits Management - BUSN9187

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2022 to 2023
Medway
Autumn Term 7 15 (7.5) Amgad Badewi checkmark-circle

Overview

Benefits management defines benefits, implements the necessary change and ensures the benefits are realised. From an application perspective, this module combines a set of principles, processes and techniques for a student to master and execute when managing projects. This module proposes a definition of value that embraces both monetary and non-monetary benefits, and argues that the subjectivity of value increases the need for it to be actively managed. It provides a method, supported by techniques, for allocating scarce funds as effectively as possible. This module will cover real-life case studies on organisations adopted Benefits Management successfully and less successfully. This module will help candidate to take MoV foundation and Practitioner Exam. This module will cover hands on training on strategic benefits management dashboards for projects (e.g. Wovex and Amplify) and it will equip students with skills to design their own Benefits Management and Management of Value methodologies including their dashboards.

Details

Contact hours

Total contact hours: 24
Private study hours: 126
Total study hours: 150

Method of assessment

Main assessment methods:
VLE Test 30%
Individual Essay 3000 words (70%)

Reassessment methods:
100% coursework

Indicative reading

APMG International (2014), Managing benefits: optimizing the return from investments, UK
Barclay and Osei-Bryson (2015), Strategic Project Management: Contemporary Issues and Strategies for Developing Economies, Taylor and Francis Group, US (Chapter 4, 6, 15 and 17)
Office of Government (2010), Management of value, Stationery Office; UK ed. edition
Project Management Institute (2018), Benefits Realization Management: Standard Guide, PMI Publications, US
Zwikael and Smyrk (2019), Project Management: A benefits Realization Approach, Springer, Switzerland

Learning outcomes

The intended subject specific learning outcomes.
On successfully completing the module students will be able to:

- Demonstrate a systematic understanding of Benefits Management and Value Management,
- Demonstrate a comprehensive understanding of techniques applicable to the learners' research on Value and benefits management
- Systematically apply Management of Value MoV® on operational environment
- Deal with complex value management issues both systematically and creatively, make sound judgements in the absence of complete data, and communicate their conclusions clearly to specialist and non-specialist audiences

The intended generic learning outcomes.
On successfully completing the module students will be able to:
- Demonstrate critical thinking and problem solving skills
- Demonstrate a systematic understanding and application of evidence-based decision making
- Deconstruct complex problems
- Demonstrate comprehensive analytical skills by linking theoretical perspectives to practical situations

Notes

  1. Credit level 7. Undergraduate or postgraduate masters level module.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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