Traditional Management Consulting Firm

Traditional management consulting firm scope and size their engagements based on the number of consulting days. 

Typically, a 3 month engagement to carryout an assessment of a specific functional area within their Client.

Consulting fee: 1,500 per day

Therefore, the typical cost of such an engagement would be:
Duration: 60 working man days (3months)
Consulting fee per day: 1,500

Generative AI enabled Consulting Self-service from Monetical

Monetical is a named User subscription based service.
The organisation takes-out a 12month subscription.

Subscription fee: 25 per month per named user (i.e. 300/year).

For the purpose of this cost / benefit illustration let’s assume it’s for a portfolio consisting of 50 employees.

Therefore, the typical cost of such an engagement would be:
Duration: 12months
Subscribers: 50employees

Common 90day engagements

• Definition and piloting of a new Objective and Key Results (OKR) prioritisation framework

• Assessment of common performance challenges resulting in missed milestones and recommended corrective measures (operational and organisational changes)

• Ensure satisfying the customer is of the highest priority as part of customer centric product strategy

• How to ensure technical and business people are working together on a daily basis

• How to optimise the resource management (demand management) associated to the formation and mobilisation (stand-up) of a new Portfolio or Team

• Creating a lean purchasing process and governance framework

• Design and formation of a new community of practice (CoP) to identify and promote best practices

• Define a multi-value (minimums) release strategy

• How to ensure the delivery of working solutions is the primary measure of progress

• Mastering the art of simplicity to maximise the amount of work not being done

Note. It would not be unusual for the consulting firm to constrain the engagement to a discovery only phase (diagnosis & recommendations), with the intention of securing a second engagement covering the implementation of the recommendations.

Typical Monetical deliverables from a typical 90day engagement

• Intelligent retrospective analysis tool complete with dynamically generated corrective measures (Features and Open Stories™)

• Tailored series of Agile and agility maturity assessments complete with dynamically generated corrective measures (Features and Open Stories™)

• Comprehensive digital consulting engagement life management service. Consisting of:

  • resource management (optimisation team)

  • objectives and key results definition

  • generated digital lean implementation roadmap (sprints or Kanban)

  • dynamically generates product backlog of Features and Open Stories™

  • performance management reports (burn down charts)

• Pre-populated Agile application life management tool

• Published Performance Consulting Report, consisting of:

  • Performance challenges and inferences report

  • Consulting advice and adoption management guidelines

  • Recommended support and training material

  • Additional consulting and coaching dojo opportunities