Last updated on August 18th, 2019 at 06:08 am

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Management consulting is the practice of helping organizations to improve their performance, operating primarily through the analysis of existing organizational problems and the development of plans for improvement. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and access to the consultants’ specialized expertise.

Consultancies may also provide:-

  • Organizational change management assistance
  • UAE Vat related consultancy
  • Development of coaching skills
  • Process analysis
  • Technology implementation
  • Strategy development
  • Operational improvement services
  • Auditing UAE

Project Feasibility and Forecasting

With renewed interest in facility construction, expansion or renovation, organizations should keep in mind that the fundamentals of developing successful projects have not changed. Even before project initiatives are created, organizations need to assess their market opportunities, develop prudent business plans and monitor execution.

The building block for this entire process is a financial feasibility study(Financial Advisory). The basic purpose of a financial feasibility study is to determine if a project will be viable for an organization or business. A financial forecast uses historical data to project future financial trends, enabling organizations to plan for the future.  Forecasts may include revenue, expenses, net income, cash flows, and balance sheets projections. Depending on the need, our feasibility studies may include more detailed reviews of:-

  • Market
  • Organizational
  • Technical and
  • Financial components, Financial Advisory

These studies help organizations view trends and develop future scenarios to enable better decision-making. Often this analysis is critical in allocating budgets, developing future investments decisions, developing business plans, raising capital, and obtaining bank financing.

The employee selfevaluation is one of the best methods to engage employees in the process of looking at performance and setting both job and career goals

Scholarly. Scholarly peer review (also known as refereeing) is the process of subjecting an author’s scholarly work, research, or ideas to the scrutiny of others who are experts in the same field, before a paper describing this work is published in a journal, conference proceedings or as a book.

Gathering information is a basic human activity – we use information to learn, to help us solve problems, to aid our decision making processes and to understand each other more clearly.Questioning is the key to gaining more information and without it interpersonal communications can fail.

Setting up business

A business can be very tricky, and often involves a great deal of personal risk. Many people expect that, when commencing in business, the only significant worry is whether it will be profitable or not. Whilst being profitable is obviously important, there are a large number of other considerations that need to be addressed. It is important that you research your potential business thoroughly, covering all aspects of the business you are looking to join. These include:

  • Legal requirements
  • Trademarks and Business Names
  • Tax law and statutory compliances
  • Employment and Business Law requirements
  • Initial and Long Term Financing
  • Management and forecasting

Whilst this list is not exhaustive, it makes the point that management consultancy requires expert advice. This is where ALYA (DMCC Approved Auditor UAE) can help you. With our nationwide coverage, and local support and knowledge, you can be sure that any business you wish to set up will be in expert hands with ALYA.

Unfortunately, such reports can be very complex to produce, and involve a great deal of expertise. Mistakes can be expensive, and incorrect information can lead to unsuccessful funding requests, or worse still, could result in financial difficulties for you and your business. At ALYA, based on our previous experiences, we can provide you cash flow forecasts and projection reports satisfying your requirements.

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