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* FINANCE PRACTICUM * December 2008/January 2009

Practicum Brochure and Practicum Project Description Form

The presentation was professional quality- the type of presentation one usually must obtain from a company in the brand strategy business.
- Ben Stark, VP of Marketing, Faultless Starch/ Bon Ami Company


Client Responsibilities

What Makes a Successful Project

Our most successful projects have two key characteristics.

  • The project scope is well defined and agreed to by all parties early in the engagement
  • There is consistent and effective client involvement. A key contact person must be dedicated to each team. The time commitment is not great, approximately 2 hours per week, on average. Please see specific client responsibilities.

If these two elements are satisfied, the team will be well focused throughout and the client will be aware of the team's progress and can provide timely input and guidance.

Client Responsibilities

Our student teams volunteer 400-500 hours per project while balancing a demanding course load and other activities. We ask that our clients invest a very modest but critical amount of time with the teams. Specifically, we expect the following:

  • 2 hours per week, on average, spent with teams reviewing status reports and answering questions from team (e.g., via email, phone or in person)
  • 24 hour response time to student team questions/ issues (note: the materials/ data requested may take longer to provide)
  • Timely review of deliverables, including the following:
    • Engagement proposal
    • Status reports
    • Final deliverable and associated drafts

Adhering to these guidelines helps to ensure a successful engagement for both the client and the student project team.

 

UIUC College of Business Illinois Business Consulting