Management Consulting

Management consulting is the practice of

providing consulting services to organizations to improve
their performance or in any way to assist in
achieving organizational objectives.

Management consulting, often referred to as business consulting,

is defined as “advisory and/or implementation services to the
(senior) management of organizations with the aim of improving
the effectiveness of their business strategy, organizational
performance and operational processes”
 Consulting Process
• Consulting is basically all about assisting
another organization, group, team or
individual to transform business from one
state to another. The consulting process also
involves assisting in such transformations
predefined by the management or the
individual concerned. Thus, consultancy
fundamentally concerns transition between
diverse states (Sturdy, 1997).
• Step 1: Define Problem. ...
• Step 2: Structure the Problem. ...
• Step 3: Prioritize Issues. ...
• Step 4: Analysis Plan and Work Plan. ...
• Step 5: Conduct Analysis. ...
• Step 6: Synthesize Findings. ...
• Step 7: Develop Recommendations.
Entry and Contracting Types of Projects

• If an organization decides to “buy” from one

or more outside sources, it must select the
type of contract it needs.

• In selecting what type of contract to use, the

primary objective is to have risk distributed
between the buyer and seller so that both
parties have motivation and incentives for
meeting the contract goal.
 Contracting Types of Projects
Types of Projects:
• (1) Manufacturing Projects:
• (2) Construction Projects:
• (3) Management Projects:
• (4) Research Projects:
A project usually has three objectives:
• (1) Function or Performance:
• (2) Containment of Expenditure within Budget:
• (3) Time Scale is the Third Factor: