What Are the Typical Steps of an Interim Management Assignment?

The typical steps of an interim management assignment include:

1. the organization recognizes the need for a new resource
2. makes the decision to use a part-time, contract or interim resource instead of committing to a new FTE
3. writes a position description that includes desired outcomes and timing
4. sets a budget – the budget needs to include $ for recruiting, the interim management fee and interim manager expenses like travel
5. find and engage the interim manager using a contract that stipulates role, responsibilities, duration, fee, payment terms, confidentiality, non-compete and terms and conditions for ending the contract prematurely
6. on-boards the interim manager into the organization
7. defines outcomes and approach to week 1
8. reviews progress and week 1 experience
9. sets regular formal management and review sessions
10. monitors progress and adjust approach
11. completes desired outcomes
12. ends interim manager role and wrap up financial obligations