Here’s Why You Should Hire a Project Manager

  • Project Management

Projects are a part of the regular day-to-day operations of businesses. Project management is vital irrespective of the size of the companies. While large organizations have hectic deliverables and complex processes, small organizations thrive only when they attract projects and keep their revenue inflow. Thus, irrespective of the business size, it becomes imperative to hire a project manager.

When should you hire a Project Manager?

Organizations can contemplate hiring a project manager when:

  • The team size in a project surpasses 10-20.
  • They want to enjoy continued business from premium clients.
  • They bag prestigious projects or clientele for the first time.
  • They sense they are acutely suffering inefficiencies, overwork, or under-optimized for longer.

In cases where an organization fails to utilize the full potential of the team members, a project manager will prepare a blueprint that builds value and gears up the business for growth.

Why do businesses need a Project Manager?

The role of a project manager (PM) is pervasive and difficult to contain. It is fluid and always in a state of flux. A project manager plays a crucial role in an organization or business regardless of type, scale, region, and size. Many companies delay the onboarding of a project manager with a notion that they can run the project without a PM until they painfully discover the imperativeness of one.

 A well-managed and executed project increases sales, revenue and boosts brand value. The project manager can unleash the new opportunities which have been obscure to the core management group. This is why companies need to hire a project manager who can act as a catalyst to business growth.

Here are some statistics from Hive that tell you why companies should not think twice about the necessity to hire a project manager.

  • Projects without a project manager lack performance and cost $122M for every $1B of the project value.
  • Projects that lack clear goals lead to failures by as much as 37%.
  • As many as 70% of the organizations suffered at least one project failure in their last working year.
  • Unfortunately, only 58% of the organizations realize the necessity of a project manager in making a project successful.

A business may hire a Project Manager when it needs to accomplish some or all of the following:

  • Budget monitoring and estimate creation.
  • Share the big picture with the promoters and shift focus to realizing the vision.
  • Reduce involvement of management in the day-to-day working of teams.
  • Free the employee from repetitive and tedious administrative tasks.
  • Looking to deploy someone who can act as a catalyst and facilitate teamwork among various departments, functions, and roles.
  • Ensure clear communication with all team members from a top-down and bottom-up approach.
  • Need someone pivotal in managing clients and their expectations.
  • Manage projects within cost, timeline, scope, and target.
  • Maximize resources efficiency and minimize cost.

Industries that benefit from Project Managers

Project managers can be helpful to ensure smooth workflow and streamlined deliveries. Thus, any industry would gain when they hire a project manager. However, it becomes mandatory to have a project manager on board if the industry belongs to Construction, IT & Software, Manufacturing, and such bigger industries because of the scale and complexity of their projects:

Reasons being: 

  • All such industries are large-scale initiatives comprising multi-structural, multifaceted, multi-functional, and multi-disciplinary approaches and structures.
  • Projects are scalable and can get far more complex than envisioned.
  • Communication is the key for all such businesses.
  • All these businesses are vision-driven.

Significantly, clients make an impactful difference in these industries, and thus they demand the expertise of a project manager with exemplary client management skills. 

Advantages of hiring a project manager

Skilled, efficient, supercharged, self-motivated, and proactive project managers are assets to any organization. With the energy they bring in, they can be invaluable and indispensable for an organization. The experienced ones come with top-class qualifications, with proven experience in implementing and executing complex project-based processes.

Skills to look at before you hire a Project Manager

A project manager needs various traits to make the right choices and be able to shape your vision. However, not all project managers fit into many projects. They have varied roles and responsibilities across various kinds of projects. In general, a project manager should possess:

  • The ability for incisive assessments
  • Erudite decision making
  • Math backed analysis and strategies
  • Good at delegation and organization
  • Outstanding technical capabilities
  • Coordination & communication is the forte

Desirable traits of a Project Manager

Companies need to fulfil the objectives and goals of their clients by optimizing efficiency, resources, and productivity and meet stakeholder and business partners expectations. These are a far cry without an experienced project manager.

A project manager with the required attributes and traits can bring the leadership skills that spread high morale and integrity among team members and the organization.  

A project manager can instil a greater sense of responsibility, accountability, professionalism, and ownership. A project manager can groom and nurture future project leaders, increasing productivity, efficiency, sales, revenue, and profitability. 

Communication and people management is essential for a project manager. When it is time to hire a project manager, make sure that the candidate is:

  • Agile with the responsive mindset to change and accept changes for better
  • Flexible and dynamic
  • Assertive and confident
  • Extrovert and communicator
  • Team player and empathetic
  • Risk tolerant and composed under pressure
  • Decisive and prudent

Additionally, project management is also about being adept with related tools and software. Essentially, project management tools simplify the five basic functionalities of project management: Task Lists, File Sharing, Communication, Scheduling, and Reporting.

Candidates with hands-on experience in any of these project management software as given below will always be an advantage for your business.

  • MeisterTask
  • Basecamp
  • Nifty
  • ProofHub
  • Zoho Projects
  • Trello
  • Jira
  • Asana
  • Monday. com
  • Liquid Planner

Wrapping Up

A project manager can play a critical role in the success of your organization’s projects. They can boost your brand’s clientele and reputation while enhancing the productivity of individual team members.

By |2021-06-15T14:54:45+00:00June 15th, 2021|Business, Staffing|Comments Off on Here’s Why You Should Hire a Project Manager
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