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Consulting Procurement Best Practice
Datamonitor, June 2010, Pages: 18
Research from Orbys has revealed that organizations approach consulting procurement in an inconsistent and fragmented manner. Available data are not used to best effect, diverse practices and non-standard processes are implemented simultaneously, and value is not measured, leading to budget overruns and poor project scoping. There is considerable opportunity for improvement in all areas.
Scope
- Analysis of the recent trends observed regarding the ways in which organizations set about hiring and managing third-party management consultants.
- This guide outlines Orbys’ own consulting procurement best-practice methodology that it uses with its clients.
Highlights of this title
Consulting projects tend to be ad hoc, and tailored specifically to a unique problem that an organization is facing. The first question to ask is whether using a third-party consultant is the right way to solve your specific problem. In addition, try to plan any spend you intend to make on third-party consultants well in advance.
Key reasons to purchase this title
- Provides advice on how to plan spend on consulting projects, which regularly overrun their budget allocations, costing millions of dollars each year.
- Planning engagements effectively across an organization can create further savings by enabling strategic leverage during the negotiation phase.
- Managing consultants properly enables 'win-win' realtionships that create more value from engagagements in the long-term.
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