Maintaining a high-performance project management office is be a drag. Forget, for a moment, about all the wide-ranging people issues or the constant requests flooding your inbox and the endless staffing rollercoaster to meet demand – it can also be a huge drain on your budget dragging down your entire portfolio. Fortunately, there’s another option readily available for you via outsourcing through a fully managed PMO service. While the sticker shock on a contract may seem like a lot at first, in reality you are actually saving money in the long and short run.
Saves on Benefits
Bringing on a full-time employee is more than just clearing off a space for them in your office. Depending on your state laws and company policy, you’ll also have to pay up on healthcare, dental, and vision benefits. And don’t forget the cost of administrative support, and someone to manage the managers that comes with an In-house PMO. These get costly really fast. By outsourcing your PMO, you’ll save yourself cash that could be better spent on upgrading your technology. That’s a double win for you and the business.
Saves on Hiring
Even before you get a person in the office, you’ll begin accruing costs. It’s easy to forget that the hiring process is also an expensive one. Placings ads, hiring a recruiter, HR time spent on finding leads and interviewing with high level questioning, etc. There’s also the risk of not finding anybody up to the tasks you have. Especially in the tech sector where your needs may be very specific and require certain specialized skillsets that can be harder to find.
Saves on Time and Effort.
Standing up the right structures, dialing in the systems, and building a results oriented culture can take years. The loss on ROI of initiatives dragging or regulatory misses is real. The right fully managed PMO service stands up these critical items in weeks, not years, saving you real dollars.
Focus on Strategy, Outsource the Execution Problems.
Handling complex project and portfolio management issues can take up a huge chunk of your time, which in turn takes up a lot of your funds. Having the right outsourced PMO that helps you avoid customer facing and internal issues saves you the trouble of dropping whatever you’re doing to solve another problem. You can’t work without having help on hand – having the right structure and qualified experts on the job makes your life that much easier.
Ready to save some money and get to work right away? Metagyre has the structure, the professionals, and experience to help you get your strategic initiatives moving quickly. Give us a call today.
Dive deeper into the numbers behind an In-house PMO
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