As the UK’s management consulting sector reports strong order books and pipeline growth, the MCA Consultancy Buyers Forum (CBF) has launch its CBF Blueprint – providing detailed good practice guidance to both consultancy buyers and suppliers on how to gain and provide best value.
The CBF was launched in 2012 with the support of the Management Consultancies Association (MCA) and is open to anyone with responsibility for engaging consultancies and working with them. Consultants and buyers have produced the CBF Blueprint together. The online Blueprint also explains all about the aims and objectives of the CBF, which currently has representatives from over 100 buying organisations.
The Blueprint covers each stage of the consulting cycle, from defining business needs and choosing suppliers to evaluating the impact and value of consulting projects.
Paul Vincent, Founder and Chair of The Consultancy Buyers Forum, said:
“If you or your organisation spends money on consultancy services, or alternatively if you or your organisation provides consultancy services, then the CBF Blueprint is a vitally important free resource. It provides a raft of guidance on how to ensure that you receive and provide best value.”
A recent survey conducted by the CBF with companies that spend a combined £1.6bn on management consultancy each year found that adopting a good practice approach to ‘defining the initial business need’ could add a further 30 per cent to the value of their organisation’s consultancy spend. Independent research also shows that, on average, clients believe that the benefits of a consulting project are worth around £6 for every £1 spent in fees. The CBF aims to increase this further through improved understanding and effectiveness on all sides.
Alan Leaman, CEO of the MCA, concluded:
“The Blueprint has been created collaboratively by consultancies and their clients. It is already improving the quality of dialogue and the relationship between buyers and sellers in this market. I’m confident that the Blueprint will help to drive greater value for all and promote good practice throughout our industry.”
The CBF Blueprint is available at www.cbfblueprint.co.uk. To find out the latest information on the CBF, follow @CBF_MCA.
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Notes to editors:
The Consultancy Buyers Forum
The Consultancy Buyers Forum is a networking group that enables buyers and clients of consulting services to share knowledge and experience with their peers and to learn from the good practice of others. Over 100 different buying organisations are already represented in the group, many from FTSE100-250 companies, as well as a number of organisations from the public sector. The Forum is sponsored by the Management Consultancies Association.
The Management Consultancies Association (MCA)
The MCA is the representative body for management consultancy firms in the UK. Its mission is to promote the value of management consultancy for the economy and society as a whole. The MCA'smember companies comprise around 60 per cent of the UK consulting industry, employ around 30,000 consultants and work with over 90 of the top FTSE 100 companies and almost all parts of the public sector. The UK consulting industry is amongst the best in the world and a vital part of the business landscape.
Compliance with the MCA's tough entry criteria and rigorous Code of Practice means that MCA member companies are widely acknowledged to provide high quality services to their clients.