We helped charity fund to develop a cost-cutting plan
Industry practice Public Sector & Government
Functional practice Cost Cutting Program, Head Count Rationalization, Lean Management, Profit and Cost Optimization
Type of client Charity fund
Study topic Сost-cutting initiatives
Client situation: The client faced a significant decrease in revenues inflow as a major sponsor halted its support.
How MCG helped: The MCG team benchmarked financial reports to similar enterprises and developed preliminary hypotheses. Next, we interviewed the employees in order to identify key areas for cost cutting and ran expert interviews with other charity funds. The result of this effort was a detailed business plan with financial targets. The plan included organizational redesign recommendations, e.g. head count, current service contracts renegotiation strategy, outsourcing of non-core functions plans.