Cost Control & Effectiveness
For many organizations, hiring full-time IT project management staff is simply not feasible. No matter what size the business is, budgets are budgets – and they’re typically tight. With those constraints in place, making multiple hires, or even one hire, that may not produce results for months is hard to justify.
Upon comparing the costs of onboarding IT project management staff versus outsourcing, it’s not likely that many organizations will find a cost savings making full-time hires. Considering the benefit packages, health insurance, training, and more, that are avoided when outsourcing, the savings makes sense – and with multiple outsourcing payment contract models and options available, the option becomes even more appealing.
By outsourcing IT project management services, you take immediate advantage of an experienced project management team, without the expense and time needed to hire and train full-time staff. Additionally, the workflow efficiencies gained with an experienced service provider can boost time and cost savings by driving quicker and more effective task completion.
Vendor Cost Savings
Because IT project management services providers utilize similar products and resources for multiple projects, they often develop close and loyal relationships with a variety of suppliers, freelancers, contractors, utilities, and more. This relationship can help you secure very competitive pricing for necessary purchases.
Only Pay When You Need It
Experienced IT project management is in high demand. According to research by the training company, Parity, 64% of IT sector businesses consider IT Project Management to be their most desired skill. If you are able to put one on staff, it won’t come cheap – and if that high-priced talent is idle or between projects, it can have a significant impact on your IT project management cost effectiveness.
All projects will end at some point. Outsourcing allows you to utilize and pay for the necessary expertise only when you need it.