Maximizing the Value of Consulting: A Guide for Internal and External Consultants
Maximizing the Value of Consulting is an indispensable, practical guide for managing, measuring, and delivering the results that make internal and external consulting a lasting value to clients and the company. Sponsored by the ROI Institute and the Association of Internal Management Consultants, this book provides a roadmap to relevance for consultants operating in the increasingly fast-paced, changing, dynamic environment. Readers will learn how to use resources properly and manage the investment efficiently, while truly connecting to the business, securing appropriate levels of commitment, and providing adequate levels of support. Detailed coverage includes guidance toward calculating the value of consulting in terms that executives understand, including business impact and ROI, and using the appropriate tools to show how things are working throughout the process.
Whether organizations are using internal or external consultants, or both, consultants can provide better value to the company. Consultants are needed to provide advice, support, and insight into the processes undertaken to improve the business, and integrate the input of different functional units into a more streamlined strategy. This book is designed to help consultants provide the utmost value to clients by maximizing organization, efficiency, and ultimately, ROI.
- Manage for value with better organization and cost control
- Set objectives at multiple levels to deliver useful results
- Measure implementation, impact, ROI, and intangibles
- Use final results to drive appropriate actions, creating lasting value
The skyrocketing need for internal and external consultants will continue, in almost every functional area ranging from HR and technology, to auditing and risk management. Maximizing the Value of Consulting provides a manual for relevant, value-driven consulting, with world-renowned expert insight.
About the Authors ix
Chapter 1 The Role and Importance of Internal and External Consulting 1
Chapter 2 Organizing the Consulting Practice to Deliver Value 37
Chapter 3 Managing the Consulting Practice to Deliver Value 81
Chapter 4 Controlling Costs and Enhancing Value 117
Chapter 5 Utilizing the Consulting Scorecard for the Practice 153
Chapter 6 A Logical Approach to Measure Impact and ROI for Projects 175
Chapter 7 Developing Powerful Objectives at Multiple Levels 217
Chapter 8 Aligning Projects to the Business 233
Chapter 9 Planning the Evaluation 253
Chapter 10 Methods of Data Collection 269
Chapter 11 Data Collection at All Four Levels 315
Chapter 12 Isolating the Effects of Consulting 341
Chapter 13 Converting Data to Money 371
Chapter 14 Tabulating Project Costs and Calculating ROI 409
Chapter 15 Reporting Results to Key Audiences 439
Chapter 16 Call to Action 479
JACK J. PHILLIPS, PHD, is a world-renowned expert on accountability, measurement, and evaluation. Phillips provides consulting services for Fortune 500 companies and major global organizations.
DR. WILLIAM D. TROTTER, is an internationally recognized expert in the areas of strategic planning, process and organizational transformation, and creating high-impact internal consulting capabilities.
PATRICIA PULLIAM PHILLIPS, PHD, president and CEO of ROI Institute, is an internationally recognized consultant in measurement and evaluation. Her clients span over 60 countries and include global corporations as well as government, non-profit, and nongovernmental organizations.