30% of the population are perfectionists, which is a number that is only expected to increase as time goes on. As the world becomes increasingly complex and high-stakes, with upheaval becoming normalized, people often grasp for the one thing that's in their control.
Often, that one thing is their own performance. No one can prevent the housing market from collapsing, but you can control the quality of your own work.
This often translates into overkill obsession, especially when it comes to project management. Even with all the work that's on most people's plates, they haven't considered outsourcing project management.
Why not? In some cases, it boils down to a lack of knowledge or a constrained budget. In other cases, though, it's an instance of perfectionism rearing its ugly head again.
If you're tempted by the idea that no one can manage this project as well as you can, and that outsourcing services could be disastrous, think again! We've assembled a great list of benefits that come with this managed services option.
A good project management company has experience. They've worked with dozens of companies over the years, and each one brings a unique brand voice to the table.
With different industry needs, company priorities, and tasks that need to be accomplished, project management companies live in the trenches. There are almost no scenarios they haven't dealt with.
Reputable project management services have crossfunctional experience, which means they have a unique perspective. For instance, you might produce lab automation equipment. Their managed services department recently wrapped a project with a lifestyle and makeup company.
The two couldn't be more different, right? Wrong! The attention to consumer psychology requires intense attention to detail, which is exactly what your lab automation needs.
While the flexibility and breadth of experience might be comforting, you might be wondering: what if they don't have any experience in my industry? Sometimes, companies exist in a very niche environment to serve specific needs.
It's impossible to expect a project management company to have specific experiences in all fields. Should you be comfortable engaging with them?
If they have the right can-do attitude, and you have the branding materials or knowledge available to bring them up to speed, go for it! One of the top reasons to hire managed services is their objectivity.
If you're a small or medium-sized business that's been in the game for a few years, you have an incredibly specialized wealth of knowledge. That's a good thing, but it often means you have tunnel vision.
A company coming from the outside doesn't have the same blind spots you do. They don't have the same blockers, which means they have inventive techniques to help you see outside of the box.
Objectivity is an invaluable resource and is a great benefit of taking on a project management company.
This may seem counterintuitive. After all, doesn't it cost even more to bring on project management services? There are a few reasons why it's more cost-effective in the long run.
For starters, internal teams might be too swamped or too inexperienced to take on another new project. Depending on how high stakes this project is, this could be a major cost.
If a project doesn't receive the attention it needs, what happens then? Often, these projects crash and burn. Worse, they could launch haphazardly, which exposes the company to a loss in revenue and reputation.
This can cost untold amounts of money to the company, trying to clean up and mitigate risk. Another cost savings comes in with team management.
As many managers can tell you, the act of simply managing a team takes hours out of every week. From managing deliverables to assigning tasks, to scheduling meetings to a project work back plan, it's a huge investment.
When you hire a project management service, all of these tasks are accomplished by their project manager. Often, these personnel bill internally.
What does that mean? For mundane daily tasks, the company pays this project manager out of pocket. You'll only be charged for work that directly benefits you.
If you're uncertain about a project, it's often better to outsource it. Your internal resources are valuable, and you don't want to waste their time. It's sometimes better to put the pressure on delivery on an external team,especially if the project has an uncertain ROI.
As a small or medium-sized company owner, there's a lot on your plate. Especially in the early years of building a business, the stress is enormous.
With increased stress comes an increased opportunity for failure. When you're stressed, your body responds by raising your blood pressure, making it more difficult to sleep, easier to put on pounds, and slowing down your digestion.
When you're combating all these unpleasant symptoms, you become even more stressed. This vicious cycle is hard to get out of, but it also makes it seemingly impossible for you to do your best work.
When you're stressed, it's also hard to make good decisions. This is especially dangerous with the weight of a company resting on your shoulders. When stressed, you might hyperfocus on details that don't truly matter, while ignoring issues that could take your company down.
Hiring project management services will often help reduce your stress.
A good project management company will prioritize setting you up for success. Whether you're looking to expand your audience, optimize your performance online in the marketing world, or get your company in order, we're here to help.
If you're looking to experience a well-managed, highly communicative process, OpTech Enterprises is here. By ensuring the best results for you every time, we can earn your trust with our knowledge and experience.
If you want to give us a try while reaping the benefits of our reduced costs, cross-functional experience, and cultivated objectivity, contact us today! We're happy to help.