Establishing a Diligence Management Office (DMO)
By Melissa Panagides-Busch, MPH, PMP, BDO Management Advisory Services, a Partner of M&A Leadership Council
The due diligence process is often fluid and unpredictable. Timelines can be tight, expectations can be high and accessing information can be a challenge. Effective and well-planned due diligence is critical to making informed decisions and driving a successful outcome in the M&A process. Carefully planned due diligence will identify and clarify current obligations, liabilities, problematic contracts, litigation risks, intellectual property issues, and much more. Given these demands, best practices in planning and managing the diligence effort call for establishing a Diligence Management Office (DMO). A DMO provides a systematic approach to ensure the entire effort is properly managed, communicated and coordinated.
In the flurry of activity surrounding an acquisition, setting up a DMO can be the difference between success and failure. A DMO is designed to facilitate and manage planning, track progress and maintain control over the diligence process. Having a DMO in place will improve communications and help to ensure that planned synergies are captured and realized.
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BDO will be discussing this topic and more at our Art of M&A Due Diligence workshop March 27-29 in Orlando. For information on this workshop and all of our upcoming events, visit the M&A Leadership Council Training Calendar.