Interim Management : Getting A Project Back On Track | Success

By GeorgePurdy
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The amount of upheaval to a business when losing a project manager can be nothing short of chaotic and often leads to waste of both valuable time and money, not to mention poor employee morale and higher turnover. Most businesses do not consider that one great solution is to hire a consultant whose focus is on interim management for situations just like this. Next we will give details about how an interim manager can help.

Experts in the field of project management that have received the highest accolades in their areas of expertise are interim management consultants. These are the best people to work on business change projects and the interim management consultant that one seeks should always be one that is certified by the Institute for Change Management (ICM). This will ensure that you hire the best person for the job.

In addition, interim management consultants differ from many other consultants in that they have undertaken training specific to business change. If a project is in difficulty in the middle of its development phase, they understand how to get it back on the rails. Traditional project managers may be able to see a project through from beginning to end, but they may not to be able intervene in a project already underway.

Hiring interim managers is a proven strategy for business success. The Institute for Project Strategy in Business (IPSB) recently published a study suggesting that interim managers finish projects 25 percent more quickly than do traditional managers. Furthermore, this study showed a higher rate of on time project completion for interim managers: only 60 percent of projects led by traditional managers finished on time, versus 72 percent of projects led by interim managers.

Interim management can also lead to less employee turnover, which directly correlates with increased profits and happy shareholders. When an interim manager takes over a project, employees will know that it is in good hands and that they will receive the advice and leadership that they require, making them more likely to stay with the firm.

There are many reasons that companies may choose to hire interim managers. High-value projects may be in disarray after the previous manager’s departure, or a manager with a poor track record may have just been terminated. It makes good business sense to hire an interim manager to help complete projects, leading to improved profits and reduced employee turnover.

Businesses often suffer upheaval after losing a project manager. One way to limit the problems is to hire a consultant to serve as an interim manager. Interim management consultants have experience in project management, and they have specialized training in business change projects. They know exactly how to take on a floundering project and put it back on track. An interim manager can also improve the morale of employees working on an abandoned project. Employees working under an interim manager know that they will receive the advice and leadership they require. If you want to raise profits and lower turnover, hiring an interim manager makes good business sense.

About the Author

George Purdy is a well-known public speaker on interim management and has written several articles and essays on this subject matter. The following site executive coaches might also be interesting for you.

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