The typical steps of an interim management assignment include:
- the organization recognizes the need for a new resource
- makes the decision to use a part-time, contract or interim resource instead of committing to a new FTE
- writes a position description that includes desired outcomes and timing
- sets a budget – the budget needs to include $ for recruiting, the interim management fee and interim manager expenses like travel
- 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
- on-boards the interim manager into the organization
- defines outcomes and approach to week 1
- reviews progress and week 1 experience
- sets regular formal management and review sessions
- monitors progress and adjust approach
- completes desired outcomes
- ends interim manager role and wrap up financial obligations