When developing and managing a project within your business, it can be difficult to know if you’re making the correct decisions. The pressure associated with undertaking a large project, especially if it’s high cost or will directly affect the future of your company, can cloud your judgment and rash decisions can be made just to get the project over the line. Outsourcing something like project management can also be daunting if you’ve managed to effectively grow your business with your current team, but if you’re looking to take your business to the next level it’s often worth calling in some experts. Here are some reasons why outsourcing project management may be the right decision for you.
A lack of bias
If you’ve grown your business from scratch, you may have preconceived notions of how it does things that may prevent you from making the most effective decision for your project, especially if you’re trying to grow your business by adding a new product or service or implementing new infrastructure. An outsourced project manager will be able to look at your business more objectively and effectively assess the project, your business, and the relationship between the two, making more effective decisions as a result. Their focus will be technical and entirely engaged with the project, unencumbered by all the other concerns an in-house project manager may have involving their existing role.
Focus and cost
In that same vein: because an outsourced project manager will be focused on the project, your existing employees and teams will be able to continue their day to day operations much more effectively, without worrying about all of the other quibbles and decision making associated with running a project. Due to this, outsourcing will actually be more cost-effective than keeping project management in house, as it allows for your usual operational efficiency to be maintained. Furthermore, it allows for decisions to be reached much more quickly and efficiently on the project side allowing it to constantly move forward effectively as well.
Experience and expertise
By far the greatest advantage of outsourcing product management is the experience and expertise and outsourced professional will bring to the table. This includes their wealth of experience project managing for other companies, a valuable list of contacts, and a professional network that can support them and your business through the various stages of the project, and knowledge of best practices gained from their experiences. For a growing business, this kind of experience is absolutely invaluable, especially when dealing with a high stakes project. During times such as this a failed, over budget or incorrectly implemented project can make or break for your business.
Minc offers a variety of project management services for businesses of all sizes. Find out more here.