Business Dictionary

Management Consultant

What is a Management Consultant?

A Management Consultant offers professional guidance to help leaders plan and manage projects, resolve problems, and improve overall performance. They get results by applying proven methodologies, drawing from related experience, and clearly communicating with clients. Management Consultants can assist a business at any stage of development, from start-up to growth to merger and acquisition. They often have formal training including university degrees and professional association designations.

Ask A Business Expert Explains What A Management Consultant Does

Management Consultant – Example

For example, let’s say your company computers are running on Windows 7, and you want to upgrade to Windows 10.

The reasons why you need to do the upgrade are obvious:

You want to improve data security
You want to improve productivity by installing faster software
Windows 7 is no longer being supported

Here’s how the right Management Consultant could help:

They could describe how the project can be done, along with the benefits of doing the project
They could help you develop a realistic budget for the project
They could submit a proper proposal for your consideration
They could submit a thorough contract that will describe the overall scope, cost and who is responsible for what
They will execute the project and communicate with you on a regular basis
They will follow up with a report about what happened and make recommendations about how to move forward in the future

If you’d like to go even deeper and answer the question ‘How Do I Hire A Management Consultant’ then click on this link.