Project Management

Project management is required when an organisation deliberately brings about beneficial change itself to achieve specific objectives for its future business development.

Undertaking a major period of internal change usually requires full time project management. Using internal managers inexperienced in project work for this one-off event not only risks project failure but also drains resources from their own area of the business.

Interim managers are the best alternative for planned projects. They are more than-qualified for the position, having the skills and vast experience required in project management and because the assignment has a defined timescale, there is no one to let go or re-deploy at the end of the project.

Management Buy Out  or Initial Public Offering

Management Buyouts and Initial Public Offerings often result in complicated corporate restructures, for which many directors are unprepared. An IPO also brings with it new investors and shareholders to consider.

Appointing an interim manager who has a track record of dealing with such situations will instantly provide the level of experience and knowledge needed to look after a company from some of the major pitfalls that have proved to be commonplace in these situations. Additionally, by augmenting the existing team at the senior level, an interim manager will prove invaluable when dealing with the inevitable increase in workload.

Mergers or Acquisitions or Spin Offs

Mergers, acquisitions or spin offs have a profound effect on the entities involved and invariably require corporate restructuring, resourcing issues and possibly relocation.

Critical strategic and financial decisions are made including deal negotiations, which can be outside of the skill sets of the existing directors. There may also be conflict between Chief Executive Officers and their respective management teams in a merger as to who will take the reins or there may not be a suitable leader in an acquired company.

Mergers, acquisitions and spin offs have become a key area for interim managers, both for their experience and independent insights during the decision making processes and for their temporary leadership skills in the aftermath while a permanent head of the new company is sought.