Interim Management : Taming The Chaos
by: GeorgePurdy |
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The loss of a project manager can be detrimental to a business. The project can become chaotic and time and money are both wasted. Employees become dissatisfied and high turnover rates may result. Interim management is the solution to this problem, though most businesses never consider this. Some of the benefits of an interim manager are outlined below.
Firstly, interim management consultants are very experienced in the intricacies of project management, and are respected and highly regarded by their peers in the field. Therefore, the client can be sure that they are hiring the best person to take on challenging business change projects. Selecting an interim management consultant certified by the Institute for Change Management (ICM) is a great way to ensure that the best person is hired for the job.
Secondly, unlike the more traditional consultants, interim management consultants have generally undergone specific training in the types of changes in business which can occur. Their expertise is in turning a dying project and shepherding it through development and getting it back on track. Standard project managers can follow through on a project from beginning to end, but might not know how to pick one up in the middle.
Hiring an interim manager during a down time can be a good move for your company in order to increase productivity and inspire your other employees to greater heights. Possibly because they know their time is limited, an interim manager can usually complete projects faster and more on time than traditional managers. The difference can be substantial. If you want to give your company a quick boost, your might want to consider hiring an interim manager.
When an interim manager takes over a floundering project, employees feel more assured of good guidance and leadership. Employee confidence decreases employee turnover. Less employee turnover produces more profit for the business, thereby bolstering stockholder confidence and stock price. In this manner, hiring interim management can increase business profits, and increase the chances of long term business success.
Companies hire interim managers for many different reasons. For example, a company may need to replace an inadequate project manager, or high management turnover rates may be putting expensive projects behind schedule, creating chaos, and causing profit loss. For the business leader looking to decrease turnover and increase profits, hiring interim managers is smart business.
In order to keep project management moving forward when a manager leaves a company, it is a good idea to bring in interim management. This is a fragile time in a company, when employees may decide that the company may be on the verge of collapse, and decide to leave themselves. It is, however, a good time to analyze the potential need for change within the company, and an interim manager can provide solid leadership for these business change projects. Interim managers are experts in these fragile times for a business and know how to lead a company safely through to a successful future.
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About the Author
George Purdy is a well-known public speaker on interim management and has written several articles and essays on this matter. Looking for more info on interim management? You might also be interested in executive coaches.
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