Project management is the backbone of any successful development team, a statement few would dispute.
But here's a twist: traditional project management methods are failing us, with a staggering 70% of projects crashing into failure.
Perhaps it's the way we hire software project managers.
Our article aims to delve into this topic, providing a comprehensive comparison between in-house vs outsourcing project managers. We'll explore the project manager's cons, pros, and responsibilities of each, helping you make an informed decision for your dedicated software development team.
Let’s start in-house vs outsourcing project managers comparison by understanding in-house project managers.
In the realm of project management, in-house project managers play a pivotal role. As full-time employees, they are the main lead of the organization, steering projects toward their successful completion.
Interestingly, a study reveals that 93% of organizations use standardized project management practices. This shows the importance of in-house project managers in maintaining and implementing these standardized practices within the in-house vs outsourcing project manager debate.
In-house project manager responsibilities are manifold and critical, encompassing:
Moreover, some significant in-house project manager pros include:
These professionals, external hires often from specialized firms, are brought on board to manage specific projects.
Their mode of operation is distinct, characterized by remote coordination. They leverage technology to stay connected with the team, utilizing a range of software tools for task tracking, communication, and documentation.
As per Go Remotely, more than two-thirds of organizations hire project managers by outsourcing. This data shows how more people outsource project managers in present times due to the unfair advantage they hold against in-house teams.
Here's the gist of outsourced project manager responsibilities and duties, which generally F22 Labs project managers fulfill:
The primary benefits of outsourcing a project manager are manifold in case you avail of F22 Labs services:
Navigating the In-House vs Outsourcing Project Manager debate is like walking a tightrope. Each step, and each decision, can significantly impact your development team's success.
Let's compare practices of hiring in-house vs outsourcing project managers across the five most critical parameters.
Money talks, and in this debate, it's shouting. In-house project managers come with their own price tag - salaries, benefits, and training. Outsourced project managers, on the other hand, can trim down overhead costs and flex with project-specific expenses.
Imagine having a Swiss Army knife of experience and insights at your disposal. That's what outsourced project managers bring to the table. But don't underestimate the power of home-field advantage. In-house project managers, deeply rooted in your company's culture, offer invaluable company-specific knowledge.
Outsourcing can be like a magic trick, making internal resources appear for other tasks. It also allows for easy scaling based on project needs, providing flexibility in managing your dedicated software development team.
Time is money, and outsourcing could potentially save you both. But, in-house project managers who understand the company's processes can offer efficiency gains.
In-house project managers may be more familiar with company-specific risks, while outsourced project managers may have broader risk management experience. The choice between the two would depend on the nature of the risks your projects typically encounter.
Outsourcing takes an edge in In-house vs Outsourcing Project Managers debate. However, it is also not without its challenges. Communication barriers, time zone differences, cultural mismatches, and lack of direct control can be daunting. In fact, 55% of project managers cite budget overrun, often a result of miscommunication, as a reason for project failure.
However, these hurdles can be overcome. Here are some actionable strategies that you can implement on the go:
In the journey of In-House vs Outsourcing Project Managers comparison, the choice, as we've seen, hinges on your company's specific needs, circumstances, and strategic goals. Consider your project requirements, budget, timeline, and the scale of your operations.
However, the outsourcing project manager takes a slight edge due to some added advantages as compared to in-house.
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A product development and growth expert, helping founders and startups build and grow their products at lightning speed with a track record of success. Apart from work, I love to network & Travel.
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