Put yourself in a position to earn a six-figure salary while you maximize the efficiency of any business.
Do something great with your life.
Great job imagining! Now let’s make it happen.
Project Management Success gives you insights to help a corporation get back on its feet, grow, achieve, and exceed its goals.
Making you indispensable.
The course explores real-world business opportunities and challenges from a management consulting project perspective, to develop a full-length corporate strategy for a multi-million business to revive sales, streamline operations, and cut costs.
You will receive step-by-step guides, in-depth case studies, templates, tool kits, and methodologies.
• Project management fundamentals
• Understanding client engagement
• Developing corporate strategy for a multi-million company
• Reversing declining profitability
• Interpersonal skills in the work space
• Qualities that make a great leader
• Training your brain to think analytically
• Writing winning project proposal
My name is Simon Richardson and I am the person behind Management Consulting Project Essentials course. I have years of experience on high-level management positions in huge corporations, where I worked with top-notched consultants as their client. Later on, I became a consultant myself.
I discovered that consulting is not only about tools, templates and mythologies that are used exclusively in the top consulting firms. It’s also about powerful mindsets, leadership and interpersonal skills which you can apply every day to accelerate your influence. A good consultant can really make a difference in the way corporations are managed. That’s why if you feel that’s your calling, then you owe it to yourself and to businesses everywhere to make it happen!
Let’s create your success story together! Click bellow and sign up for the course that will change your life and give you the tools to make the world a better place.
[Yes! Make Me A Successful Business Consultant!]
Hi, I'm Simon Richardson. Thanks for watching my course.
Feel free to contact me via firstname.lastname@example.org if any questions.
Let us start by explaining what management is consulting. In essence it is understanding how a business works.
Many firms turn to management consultants to give them an edge in their marketplace. Consultants tend to have the knowledge and expertise to give insights to management about the ways they can improve a business and achieve its goals.
Now we understand broadly the fundamentals, let us look closer at what’s a management consulting project.
In this lecture, we’re gonna introduce our client - H. Huntsman & Sons in this study.
To understand how we get to those outcomes, I will now take you through the six main project phases.
Now that I've taken you through the six key stages to a project, I will introduce you to two optional project phases.
Let us now turn to how management consulting works in general.
As you will have gathered, defining the problem is a lot harder than it sounds. Therefore let’s spend some time looking at problem definition in this section.
Let us now turn to our client Huntsman to see how we define the key questions.
Like the interview with the CEO to reconfirm their function objectives, management consultant should be familiar with one common feature of a consulting project - interview. There are my tips for how to make sure they go well.
The Project Charter is the agreement between management consulting firm and its client. It is used to obtain commitment from all the affected groups and individuals within a specific project.
Both key stakeholders of Huntsman and management consulting project team agrees with the problem statement and project chapter, we will use 3C and 1P framework to perform preliminary study.
After several alignment meetings with the client, the project proposal is created. The project proposal aims to successfully manage the client's expectations by having a clear representation of the consultant and what they are offering the client.
Whilst this sounds straight forward, the substance is of course important. The approach to the proposal also must be suitably sophisticated. Let me now take you through the tips for writing a winning proposal.
After problem definition and preliminary analysis, we’ve successfully understood the customer background and clarified the function objective of this study. So what’re we going to do is to write a proposal in a professional legal language, and normally, it should be done by corporate legal department.
Complex, ‘messy’ questions need to be broken down into manageable subsets of issues. Problem structuring is a simple technique to do this. It is used by lawyers and management consultants. In fact it is used in all forms of project management. And whilst it can be complex it is perfectly understandable.
In this video, we're going to explain how to structure a problem.
Let me now share my tips for successful problem structuring in this video
As with most simple processes, the quality of the input impacts upon the quality of the output. Shortcuts can be tempting, but a consultant needs to be honest about what the impact they will have on the output. Put simply: ‘Garbage in = garbage out’. This is can be said for every step of the process.
MECE is a principle frequently used by management consulting firms to describe a way of organizing information. In this lecture, we'll dive into MECE principle.
After we understand the essential tips and rules of structuring problem, we can go ahead to structure our study by using the most popular profitability framework.
The “80/20 rule” is a commonly used term in consulting to prioritize the work stream. If you are already familiar with the term then we can skip this part.
Once a consultant has completed structuring and prioritizing the problem, hypotheses would be developed for the prioritized branches at this stage. Note it is only for the prioritized branches.
When consultants begin a new project they cannot know what the best solution is. However, experienced consultants use their experience and intuition to make an educated guess about what the best answer will be.
In this video, I'll now take you on to develop hypothesizes based on the prioritized branches.
An Issue Tree is very similar to a Logic Tree; however an Issue Tree is a series of questions directly related to the hypothesis.
Workplan is a document which consulting firms use to organize a project. A workplan should outline how the management consulting firm plans to complete a quality project within a specific timeframe and a set budget.
Now that we have completed phase 3 and we have our hypothesis, it is time to scope baseline.
In this lecture, we’re going to talk about the deals with how to gather data and facts
Let’s now turn to the first hypothesis, - Due to increasing demand, cutting the price of bespoke suit by 25% will positively impact annual income.
Now let’s turn to the second hypothesis.
Due to rapid growth rate of demand for high-end measure-to-made and ready-to-wear clothing, entering China market will increase customer coverage, resulting in achieving long term vision.
Now let’s turn to the third hypothesis of our study.
Due to rich industrial knowledge and influence, Entering online magazine business in US will expand product line, positively effecting branding and income statement.
Now we’ll analyze the last hypothesis
Due to supplier consolidation, purchased costs, management costs will be declined, leading to increased stakeholder satisfaction and cost efficient procurement.
After weeks of analysis, we’ll finally present our findings to the senior executives. To write a quality management consulting storyboard, we need to synthesizing our findings first.
In this lecture, I'll show you some examples of synthesis.
Here’s a brief structure which shows the opposite of synthesis.
After synthesis, now it’s time to write our consulting report.
And there you have your report. Now on to the presentation keynotes.
By now, we’ve successfully delivered the full-length study. To wrap this course and get you moving, I'm gonna give you a little homework. Actually, it’s a small but interesting project.
I hope you enjoyed this course and that you're leaving with an understanding of management consulting project and how you can support the growth of these consulting skills and mindsets within your company.
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