5 February 2014 | Will Green
A free online guide has been launched to help buyers aiming to purchase management consultancy services.
The Consultancy Buyers Forum (CBF), backed by the Management Consultancies Association, has produced the online “Blueprint”, which provides detailed good practice guidance to both buyers and suppliers.
The Blueprint covers each stage of the consulting cycle, including defining business needs, choosing suppliers and evaluating the value of projects.
According to the CBF, adopting a good practice approach to defining the initial business need could add 30 per cent to the value of an organisation’s consultancy spend.
Paul Vincent, CBF founder and chairman, said: “If you or your organisation spends money on consultancy services, or alternatively if you or your organisation provides consultancy services, then the CBF Blueprint is a vitally important free resource. It provides a raft of guidance on how to ensure that you receive and provide best value.”