Ferguson, who won five league titles, five Scottish Cups and five League Cups as a player, was announced as head coach earlier today following the departure of Philippe Clement.
In an exclusive first interview with RangersTV, he reflected on a whirlwind 24 hours and shared his expectations for the next few months in charge.
He said: “I am proud, and I am excited. If I am being honest, it came out of the blue, so it has been a whirlwind 24 hours, but I am just happy to get it done, get my staff together, get to the training ground and get going.
“I had to be respectful that my backroom staff were in jobs elsewhere, so we had to get all this sorted. Thankfully the guys worked hard and so did the chief executive and the chairman and we got it done quicker than expected. We are just eager to get started.
“I have been back at the club as an ambassador and enjoying that role but when I was asked about this job it was one I couldn't turn down. Albeit it is only for three months, but it is my job to go and get a kick out of this group of players.
With a quick turnaround ahead of Wednesday’s trip to Rugby Park in the Scottish Premiership, Ferguson hopes he can find a level of consistency with the squad in the remaining months of the season.
He said: “In terms of Europe, some of the performances have been top class but domestically, that is your bread and butter, that is where you have got to win most weeks.
"You are always going to have a bump in the road, but I think there have been too many bumps in the road, so it is my job as a manager and the staff's job to try and get a level of consistency in the squad.
“There are definitely quality players, and they look a good group, they just look a bit flat at this moment in time and it is our job to try and get this confidence back up.”
On his backroom staff, which includes Issame Charai, Billy Dodds, Neil McCann and Allan McGregor, Ferguson continued: “We spent a bit of time together just Issame and I talking about players and the way I want to take the team forward. He'll need to get used to a new coaching team coming in, but he is eager, that's what I want. He has got a good work ethic about him that is important to me, so I am looking forward to having him in the staff.
“I've brought in Billy Dodds and Neil McCann who have previous experience as managers. I played with them, I know the characters that they are and I know how good they are on the training pitch in terms of organisational skills. They put on really good sessions and Allan McGregor, everyone knows what he brings to the club.
“I am excited with my staff. When I asked them, I was unsure I could get them but they are great and they were desperate to come and that is what I want so I am just delighted to get them all done and as I say I am excited to start working with these guys and they are excited to get to work with the players.”
The former Rangers captain says he wants his players to enjoy their football. He continued: “They are playing with Glasgow Rangers, it is a privilege walking into this training centre. Training will be tough, there's no doubt, but it'll be enjoyable as well.
"You have to win every game with the demands and the expectation put on you here. When people come to watch, they expect you to win games, and I don't think we have won enough this year.”
On his message to the fans, he added: “The message would be you are going to see a team who are going to have a certain style of play, attack-minded and we are going to try to win every single game.
“We are going to be aggressive, which was a part of my game as well and I don't mean by going and tackling people, but I mean aggressive in the press.
“We just need to make sure we get it right but looking at the squad I do believe there’s a team capable of winning week in week out, so I am just excited to get started. We'll take it game by game but every game we enter, we enter to win.”
Watch the interview with Barry Ferguson in full below.