Project manage-
ment and project work may go separate ways…
Not always is it necessary that the implementation of a project and the coordination of the various works and services are in the same hand and sometimes it even seems recommendable to separate those two tasks. Just like an architect who coordinates the different works from the bird's eye view the management of a project can be taken over by a third party.
In cases of projects with a strong focus on legal issues the role of such a third party can be assumed by your lawyer, no matter whether it is a national or a cross border transaction. Only those issues will be brought to your attention which in fact require your (business) decision in order to enable you to concentrate on the day-to-day business. If the project has been discussed with you in detail prior to its implementation, there will be hardly any need for bothering you on the way forward. It goes without saying that you will be kept duly informed so that you will have the full picture at any time.
ment and project work may go separate ways…
Not always is it necessary that the implementation of a project and the coordination of the various works and services are in the same hand and sometimes it even seems recommendable to separate those two tasks. Just like an architect who coordinates the different works from the bird's eye view the management of a project can be taken over by a third party.
In cases of projects with a strong focus on legal issues the role of such a third party can be assumed by your lawyer, no matter whether it is a national or a cross border transaction. Only those issues will be brought to your attention which in fact require your (business) decision in order to enable you to concentrate on the day-to-day business. If the project has been discussed with you in detail prior to its implementation, there will be hardly any need for bothering you on the way forward. It goes without saying that you will be kept duly informed so that you will have the full picture at any time.
Project Management
Do you have sufficient resources for the big challenge?
Reorganizations, M&A transactions, joint venture agreements or negotiations with regard to financing often require your full attention. However, at the same time day-to-day business of course needs to be taken care of.
Reorganizations, M&A transactions, joint venture agreements or negotiations with regard to financing often require your full attention. However, at the same time day-to-day business of course needs to be taken care of.
In the event of bigger projects with a strong focus on legal issues the project management should be outsourced. The preparation of step plans, the examination of the work results of internal or external team members and advisors, the observation of deadlines, the reporting to the management and the coordination of appointments with the Notary Public - all these issues can be covered by legal project management. The coordination of cross border projects should be assigned to an experienced advisor if everything shall proceed smoothly. Moreover, already in the course of the negotiations of contracts and budgets with other consultants you should seek advice of an expert who knows well the price tags for the requested services in order to ensure that the costs of the project will be kept under control...