Different Types Of

Consulting Projects
& Engagements
 1. Strategic Projects
Clients may need a comprehensive strategy for the entire
organization or would want to construct partial strategies
focusing on particular niches/products. For instance -

A) Create the supply chain/production/sourcing/sales

strategy: In this project, the consultants are given certain
goals and capabilities and must advise the client on how
to best organize a specific area

B) Entry into a new market, product category, or market

niche: In these projects, consultants attempt to adapt their
strategy to a new market or category

C) The strategy of transformation: In some instances, the

business lags behind the market's best practices. In such
cases, they hire consultants to advise them on what they
should do to catch up to the major players.
 2. Performance
Improvement Projects
In such projects, consulting firms assist the client in
making more money, increasing earnings, generating
more cash, or decreasing the demand for assets or
optimising costs. Some examples -

A) Operational Improvement: The major goal is to lower

expenses, improve the efficiency and quality of
operations, and use less inventory overall

B) Cost-cutting Projects: The focus of these is on finding

savings by reducing costs through various ways such as
reducing the headcount

C) Pricing Projects: Consultants work on these initiatives

to discover the best prices for particular products. In
addition, they also, optimize the discount strategy
 2. Performance
Improvement Projects
D) Value Chain Improvements Projects: In these initiatives,
the consultants search for ways to enhance the firm's
general supply chain. The main reason for such initiatives is
to assist their clients in becoming more effective and
sharing their savings

E) Team Efficiency Increase Projects: Consultants are

frequently required to improve the effectiveness of a
particular team. These initiatives make sense for groups of
individuals who represent bottlenecks for future
development

F) Automation Projects: The goal of these projects is

straightforward: to get clear of humans. In other words,
consultants assist their clients in identifying methods to
replace people with machines, tools, and software
 3. Financial
TurnAround
Projects
In this sort of a project, the client has likely
lost profitability and liquidity, and
consultants must increase profitability as
well as cash situation. The consultants aim
to deliver value as fast as possible because
the clients here are in a distressed situation,
they don't have cash left to meet their
liabilities. Hence, a financial turnaround
becomes an immediate requirement - either
through cost cutting or finding new sources
of revenue.
 4. M&A Projects
Consulting firms also help clients in evaluating and
purchasing another enterprise. This includes -

1. M&A Strategy: Consultants research and gather

data on potential targets to help the company
determine which businesses they will acquire and why

2. Due Diligence: Management Consultants typically

perform Commercial and Operational Due Diligence,
and the enterprise is also required to conduct Legal
and Financial Due Diligence, which is typically
performed by an accounting company

3. Value Creation Plan: Consultants define how the

buyer will increase the value of the firm after the
transaction is finished
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