If you are a potential client or a part of an organization and ever wondered about the business case for hiring a project management consultancy, this section aims to answer your “what is the value of project management consultants?” questions.
And if you are a project manager and ever wondered about the value of joining one of the top ranked business or IT project management consulting firms, this section aims to answer your questions regarding the value of project management consulting.
When companies are implementing new business solutions, reengineering processes, constructing a new building, transforming their digital systems, or undertaking any other type of project, having the right project management team at the helm can make all the difference in how smoothly the project goes and whether or not it stays on budget and timeline.
When project management goes wrong, organizations can suffer in a number of ways and projects can fail. Some of the symptoms of poor project management include:
- Budget overruns
- Projects stalling
- Missed deadlines
- Large scope changes
- Insufficient resources
- Stakeholder dissatisfaction
To minimize these types of issues and to increase their ROI (return on investment) on money they invest in projects, companies often seek out program management consulting services or IT project management consulting firms. When working with professional project management consulting services, organizational projects have a much better chance of succeeding and staying on budget, on time, and achieving the desired results.
The business case for hiring an IT project management consulting firm or a business operations’ improvement project management consultant is supported by a PWC study that found that projects led by a certified project manager or an experienced project management service provider has an 80% probability of becoming a “high performing” project.
It’s no surprise that trained project consultants give projects a much better chance of success. Project management consultants follow specific project management methodologies and have experience in organizing all the moving parts that go along with managing a project.
Project management services and consulting go hand in hand with change management, which is the framework used for guiding employees in a company through an organizational change. You’ll find that several project consultancy companies list change management as a key service offered.
Consulting companies, IT project management consulting firms and professional service providers that offer project management as a service are well-versed in a variety of industries and project types.
Many of these project management companies work on a wide range of projects, while niche project management consultancy companies focus on specific industries or projects, for example, construction, system integration, and digital transformation.