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When Should You Consider Hiring a Project CFO?

 
  Michael K. Menerey, Partner, CFO Edge, LLC  
   
  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
  Article Summary  
In this first article in our series on three types of outsourced CFO services, a Project CFO, an Interim CFO and a Part-Time CFO, we explore scenarios when you should consider hiring a Project CFO.

An on-demand Project CFO brings authoritative solution expertise and focuses on a clearly-defined project, although there can frequently be sub-projects that need to be completed to achieve the overall project goal.

For example, the overall goal of preparing a financing presentation to obtain funding may require completing an audit, completing restatements or making financials GAAP-compliant.

Nine scenarios illustrate financial and operational challenges that are effectively resolved by an on-demand Project CFO.

A former enterprise CFO acting in the role of a Project CFO applies needed expertise and bandwidth to prioritize project elements and move them along to successful completion.

This is the first article in a series on the types of outsourced CFO services. Following are links to the other two articles in the series:

When Should You Consider Hiring a Project CFO? - (This article.)
When Should You Consider Hiring an Interim CFO?
When Should You Consider Hiring a Part-Time CFO?

  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
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