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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.

Secondly, interim management consultants, unlike most traditional management consultants, have specialized training in the management of business change. Traditional project managers are skilled in guiding a project from start to finish, whereas interim management consultants have additional skills and talent in taking an incomplete, floundering project and putting it back on track.

Hiring an interim manager is a proven strategy for success. Interim managers tend to complete projects 25 percent faster than traditional managers and this is supported by a study by the Institute of Project Strategy in Business (IPSB). They were more efficient too and their projects tend to be more likely to meet deadlines: 72 percent completed on time compared to 60 percent of projects that were led by traditional managers.

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 often look for interim managers for many reasons. Often, they must replace a project manager with a spotty performance record. Sometimes, the high management turnover rates may sink big-time projects into chaos. If you’re wanting to raise profits and lower turnover for any reason, an interim manager process just makes good business sense.

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.

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. More info, resources and great products at site executive coaches.

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