As organizations world-wide increasingly use projects as building blocks to conduct business, they do recognize that building the infrastructure to manage projects & attracting talented project managers is a challenge which requires significant investment in terms of time, money & effort. While cutting down on all these parameters, contrary to prevalent belief, outsourcing gives greater Flexibility and Control over the projects to the Client Company. Outsourcing of the project management function is a realistic trend, which can range from a simple outsourcing of the project manager role to the entire project management office.

The benefits are:

Scalability - Projects usually necessitate the creation of temporary organizational structures. Different types and varying number of resources are required during a project lifecycle. Outsourcing provides ready access to the correct resources and flexible deployment mechanisms.

Early improvement in project related metrics - Experienced project managers are capable of demonstrating visible improvement in project related metrics resulting in short term as well as long term benefit.

Creation of project management practices - Project-based organizational culture requires the definition of project-related processes, policies & procedures. It may be preferable to outsource creation of the same to an external organization, which focuses on providing the highest level of competency.

Reduced cost - Organizations, be it SME or large enterprises have varying business priorities. Some projects may be incidental, else part of a larger strategic initiative. Irrespective of size or nature of projects, projects require project management, investment in infrastructure, clear methodologies, and training. Outsourcing project management to meet these needs can help you reduce costs and avoid errors.

Maturity advancements – Outsourced project management capabilities come with standard methodologies, tools, training, certification, etc. This optimizes performance and impacts project management maturity).

Undoubtedly, this opportunity for outsourcing comes with its challenges which revolve around organizational, cultural and integration issues. PM Dimensions ’ ability to respond rapidly to these challenges aided by its APPROACH & EXPERTISE.