When Should You Consider Hiring a Project CFO?

When Should You Consider Hiring a Project CFO?This week’s article is by Michael K. Menerey, Partner, CFO Edge, LLC.

When a company must address a specific project and needs high-level financial expertise not available internally, it can benefit by 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.

Reviewed in this week’s PDF…

When Should You Consider Hiring a Project CFO?

…are nine scenarios that illustrate financial and operational challenges 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 in a series of three articles on the types of outsourced CFOs. 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?

This entry was posted in CFO Services, Financial Leadership, Interim CFO, Leveraging CFO Expertise, Part-Time CFO, Project CFO and tagged , , , , , , , , , . Bookmark the permalink.

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