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QUICK TIP!   10 Business Requirement Traps to Avoid:
  • Confusion about what a requirement is
  • Lack of customer involvement
  • Vague or ambiguous requirements
  • Unprioritized requirements
  • Functionality that no one uses
  • Analysis paralysis
  • Scope creep
  • Inadequate requirements change process
  • Insufficient change impact analysis
  • Inadequate requirements version control

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Business Insurance Now:
The Management Consulting
Insurance Specialists

As a management consultant, the decisions you make and the advice you give can be worth millions to your clients, but a misjudgment on your part could have devastating financial implications. Protect your business from potential losses and lawsuits with appropriate business insurance from Business Insurance Now.

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Business Insurance Now specializes in easy, affordable insurance for independent management consultants and small to mid-sized management consulting firms. We know the management consulting industry and the risks you face when working with clients every day. And because we're business insurance experts who work only with top-rated carriers, you can get all your coverage from a single source, and be confident that you have all the coverage you need at a competitive rate.

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Project Management Tips to Reduce Your Liability as a Management Consultant

  • Lawsuits happen when communication breaks down, so keeping the lines of communication open is critical. From day one of your engagement, document, document, document. Start with a detailed project agreement that clearly states the scope of work and outlines the client's responsibilities as well as your own. Be sure your client signs it. Read more at Creating Successful Management Consultant Agreements.
  • When working on a client engagement, provide a written timeline to help your client understand what to expect, and provide regular progress reports. When the scope of the project changes, revise the timeline and present it to your client. Doing so eliminates the possibility of unpleasant surprises, such as delays and cost increases. Read more at Timelines Keep Your Management Consultancy on Target.
  • Before you begin work, create a detailed project management plan that delineates any factors that could negatively affect the success of your engagement. Outlining the risks up front prepares your client ahead of time for potential delays or glitches due to situations beyond your control. Read more at Managing Scope Changes Effectively Will Help you Perform Better as a Management Consultant.