(1Q-2024) The state of Arkansas has retained management consulting firm McKinsey & Co. for a three-year efficiency initiative, according to a recently-announced contract between the two parties.
The 128-page $5.5 million services contract includes information about the new project’s approach to efficiency. “The State,” the contract states, “intends to modernize and update both internal and external processes to provide the most efficient operations, eliminate cumbersome processes and, where applicable, better utilize technological resources.”
Focus areas include organizational strategic alignment, review, personnel management, procurement, real estate, and vehicle fleet management.
McKinsey & Co. estimates the initiative could deliver at least $500 million in “annual efficiencies.”
Key McKinsey & Company Personnel
Key McKinsey & Company personnel are listed in the document as follows:
- Elizabeth Murthy, Partner Atlanta Office, Project Lead;
- Tim Ward, Senior Partner, Los Angeles, California;
- Trey Childress, Partner–State Government Transformation Expert, Miami, Florida;
- Drew Erdmann, Partner–State Government Transformation Expert, St. Louis, Missouri;
- John Stephen, Managing Partner;
- Richard Kellogg, Senior Consultant;
- Lindsay Littlefield, Senior Consultant.
— Greg Kaza
