What is Project Management?
According to the Project Management Institute,
“project management is the use of specific knowledge, skills, tools, and techniques to deliver something of value to people.”
The five stages of project management are,
- The initiation phase
- Planning phase
- Execution phrase
- Project monitoring phase
- Control phase
Finally, it’s time to close the project but it’s a lot of resources to manage throughout the various phases. It’s why many businesses decide to take advantage of the benefits associated with outsourcing their project management.
To give you an idea of the growing popularity of outsourcing project management,
- The global outsourcing market in 2019 totaled over $131 billion.
- The global software outsourcing rates for project managers ranged from $133-$233 in the United States, $55-$66 in Latin America, $45-$70 in Eastern Europe, and $35-$48 in Asia.
Why Consider Outsourcing Your Project Management to Action Services Group
Businesses often consider outsourcing project management for the benefits that include having certified managers overseeing the details.
It’s not uncommon for companies to not have certified project managers on their payrolls. It usually requires between 35 to 60 months of on-hand experience to receive a project management certification. The majority of businesses do not have the time or resources to train and keep a certified project manager on site.
Benefits of Outsourcing Project Management
While the processes differ for each type of project management. For example, an LED retrofit project management process will require different steps than a signage project management, but the benefits are the same. Here’s a look at some of the benefits you can expect when you outsource your project management to Action Services Group.
You can save project costs in a few different ways by outsourcing your project management. The savings start by not requiring the purchase of additional tools, equipment, or location rent. Some, like a signage management project, may require additional space due to product size.
Outsourcing project management also frees up valuable employee time. Your staff can concentrate on their work, while your project moves ahead on schedule. For example, outsourcing electrical project management means your daily operations continue to run smoothly without any shutdown or paying employees overtime to work after business hours.
You Can Hire the Best Professional for the Project
Hiring in-house limits your talent pool. By outsourcing your project, you can hire professionals from across the globe. It can help ensure you find the ideal manager for your project.
Better Ensure the Project Stays on Schedule
Outsourcing your project to Action Services Group means everything stays on schedule. From LED project management to electrical project management, deadlines are met, and the project is delivered on the agreed-upon schedule.
Outsourcing helps ensure you are hiring talent that is primarily focused on your project.
Companies Gain Objectivity
It’s easy for managers and owners to presume their employees can tackle any task and deliver current projects on time.
For most companies, this is not the case. Trying to keep any type of project, like an electrical management project in-house, often ends up costing businesses more than expected.
It doesn’t matter if you are looking for LED upgrade project management or signage, transparency throughout the process is crucial. Outsourcing project management helps ensure transparency, even when there’s a problem. Sometimes, in-house employees are not as open when something goes wrong.
Resolve Understaffing Issues
Not all companies have project managers on their payroll, or the personnel necessary to complete the project. During an electrical project, management will need certified electricians, along with additional personnel.
Outsourcing can save companies money while ensuring they have the necessary qualified staff to complete the project.
Employees Can Focus on Their Tasks
As we mentioned above, allowing your employees to concentrate on their regularly assigned tasks saves money. Outsourcing your electrical or signage project means your resources are not overburdened. It also ensures your project is not being overlooked.
These are a few of the benefits you can expect from outsourcing your project, but there are disadvantages when you choose the wrong project management group.
What to Consider When Hiring a Project Manager
Remember, an outsourced project manager is not a member of your staff. They will not know your specific business goals and aims. It’s up to you to inform them.
You may also need to expose sensitive business information. It means doing your homework on whom you hire. They may be given access to sensitive files.
These concerns and more are not an issue when you outsource your project to Action Services Group. From lighting upgrades and retrofits to electrical and signage project management, we have the skilled and trustworthy personnel you need for your project.
To learn more about Action Services Group and our project management capabilities, call 610-558-9773, email [email protected], or schedule a call that fits your needs by clicking the button below!