Mark Hughes is at Loftus Road for talks with QPR about taking over as manager, BBC Sport understands.
Ex-Wales boss Hughes, 48, has been out of the game since leaving Fulham in June and is favourite to replaceMark Lawrenson's verdictThe funny thing is that I do not actually think QPR are as bad as their results have suggested, but they have simply not been able to score enough goals despite bringing in Jay Bothroyd, DJ Campbell and Shaun Wright-Phillips
"We are working extremely hard to bring in the right person," Beard told BBC Radio 5 Live.
"I'm hoping we have someone in place in advance of our game against Newcastle [on Sunday]."
Beard agrees that Welshman Hughes, who also has Premier League experience with Blackburn and Manchester City, has the kind of background that the club are looking for, although they have "three or four" candidates in mind.
With the club 17th in the Premier League, chairman Tony Fernandes said that they made the decision to sack Warnock in the hope that a change might preserve their top-flight status.
Recent QPR managers
- 2010-12: Neil Warnock
- 2010: Mick Harford (caretaker)
- 2009-10: Paul Hart
- 2009: Steve Gallen & Marc Bircham (caretakers)
- 2009: Jim Magilton
- 2009: Gareth Ainsworth (caretaker)
- 2008-09: Paulo Sousa
- 2008: Gareth Ainsworth (caretaker)
- 2008: Iain Dowie
- 2007-08: Luigi De Canio
- 2007: Mick Harford (caretaker)
- 2006-07: John Gregory
- 2006: Gary Waddock (caretaker)
- 2001-06: Ian Holloway
- 1998-01: Gerry Francis
"We will be judged because it's a results-orientated business. The results have not been good over the last few months. We are now in the infamous January transfer window and we want to do some business.
"We haven't made this change lightly. What we really want is a period of stability."
QPR made an encouraging start to the season, having been guided back to the top flight last year by Warnock, reaching ninth on 19 November.
But, without a win since then, QPR have slid down to 17th - just one point clear of the relegation zone - and needed a last-minute equaliser from Heidar Helguson to avoid an FA Cup third-round defeat by League One side MK Dons on Saturday.
Discussing the decision to sack Warnock, Dowie added: "Neil seems to be given very little credit for the job he did last year, which is rather surprising. Also I don't think the league position they're in is beyond the kilter.
"They have 17 points from 20 games. You don't know what goes on behind the scenes but it certainly raised an eyebrow for me."
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