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: 2,000 per day

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.

Therefore, the typical cost of such an engagement would be:

Duration: 60 working man days (3months)
Consulting fee per day: 2,000

TOTAL 120,000

Generative AI enabled Management Consulting from Monetical

Monetical is a named User subscription based service.

Let’s assume the organisation requires access to Monetical for the same 3 month period.

Subscription fee: 50 per month per named user

For the purpose of this cost / benefit illustration let’s assume it’s for a portfolio consisting of 150 employees (equivalent of 150 at 150 per 3months). All member of the portfolio gain access to the Monetical AI consulting service and the advice it provides.

Therefore, the typical cost of such an engagement would be:

Duration: 90 days (3months) at 150
Subscription fee per user: 150 employees

TOTAL 22,500

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

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