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The strategic advantage of project management contractors

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​The current market for project management is witnessing a significant shift towards integrating contract project management roles. This trend reflects a strategic response by organisations to address the growing challenges and demands of project execution. 

With businesses increasingly relying on project-based work structures, the demand for flexible and specialised project management expertise is rising. Project management contractor roles have emerged as a viable solution to meet these demands, offering organisations several benefits. 

But how can project management teams utilise the skills of project management contractors and harness this to gain a strategic advantage?

This guide will uncover the strategic advantages of integrating contract project management roles into teams. From enhancing flexibility and scalability to tapping into specialised expertise, we'll explore how contracting can provide a strategic edge in project management.

Embracing Contract Roles as More Than a Trend

We are currently witnessing a rise in contract workers across various industries. Economic changes and the need for specific skills fuel this shift. By 2030, we'll see a demand for around 2.3 million new project managers worldwide each year, highlighting the growing importance of project management professionals.

Companies are catching on to the benefits of contract roles for staying agile. This flexibility allows them to adapt their workforce quickly to match project needs. Plus, as projects get more complicated, there's a greater need for people with specialised skills. Hiring contract workers gives companies access to this talent pool, making it easier to meet project requirements efficiently.

What used to be seen as a passing trend—teams hiring project management contractors to fill temporary gaps—is now becoming a more recognised practice. This change is especially noticeable in workplaces focused on projects. As companies put more emphasis on these projects, they realise the value of temporary project managers stepping in to handle short-term projects using their expertise.

Let's explore why contract roles in project management are on the rise:

  • Project-Based Work: As companies move towards project-oriented structures, the need for temporary project managers is growing.

  • Risk Management: Companies are cautious about hiring full-time project managers for new projects, opting for contractors to evaluate project success first.

  • Specialised Skills: Some projects require specific project management expertise that is unavailable in-house, leading companies to hire contract project managers with tailored skills.

These factors drive the increase in contract roles within project management, reflecting how companies adapt to the changing demands of the business environment.

Top Strategic Advantages of Hiring Contract Project Managers

As the field of project management continues to grow alongside increasing expectations surrounding work, the role of contract workers becomes increasingly vital in bridging the gap. With expanding project scopes and evolving business environments, organisations are turning to contract project managers to fulfil specific project needs efficiently. 

In the following sections, we will explore the top five advantages of recruiting for contract project management roles, showcasing the strategic benefits they offer in meeting the demands of modern project-based work.

Flexibility and Scalability

In a recent survey, more than half of executives planned to increase the size of their teams, with 35% planning to use contractors to support their expansion. Contract project management roles are becoming essential in enhancing project management teams' flexibility and scalability. During peak project periods, organisations often experience a surge in workload that requires additional support. Contract project managers provide the flexibility to quickly scale up project management resources, allowing teams to efficiently handle increased demands without needing long-term commitments. 

Additionally, project teams encounter projects of varying sizes and scopes, requiring adjustments in team composition. Contract project managers offer the adaptability needed to tailor the team's composition to meet the specific needs of each project, optimising resource allocation and project outcomes.

Now let’s discuss some specific examples of how utilising project management contractors to scale operations can provide a strategic advantage for your teams:

  • Seasonal Demand: Contract project managers can be enlisted during seasonal peaks, such as holiday seasons or end-of-year reporting, to provide additional project management support without overburdening full-time staff.

  • New Initiatives: When launching new initiatives or entering new markets, organisations may require specialised project management expertise that is not available in-house. Contract project managers with relevant experience can lead these initiatives, ensuring successful implementation.

  • Technology Implementations: Implementing new technology systems or software solutions often requires dedicated project management expertise. Contract project managers with experience in technology implementations can oversee these projects, ensuring they are completed efficiently and within budget.

Contract project managers can also provide strategic support during organisational change or restructuring. Whether managing mergers and acquisitions, leading strategic initiatives, or driving process improvements, contract project managers offer organisations the expertise and flexibility to achieve their objectives.

Access to Specialised Expertise

Contract workers, particularly project management contractors, are often highly skilled professionals with extensive experience across various industries and organisations. Their exposure to diverse working environments equips them with a rich array of expertise and insights.

Project management contractors play an essential role in providing strategic advantages to teams by utilising their specialised skills and offering access to expertise that may not be readily available within the organisation. 

Contract project managers bring various specialised skills to the table, including:

  • Niche Technology Expertise: They may possess expertise in specialised technologies or platforms crucial for project success. For instance, a project requiring expertise in blockchain implementation could benefit from a contract PM with a proven track record in that area.

  • Regulatory Compliance: In industries with stringent regulatory requirements, such as healthcare or finance, contract project managers with expertise in compliance can ensure projects adhere to legal standards and mitigate risks effectively.

  • Industry-specific Knowledge: Contract PMs often have deep knowledge of specific challenges, trends, and best practices. For example, a contract PM with extensive experience in the automotive sector may provide valuable insights for projects within that industry.

  • Methodological Expertise: Whether Agile, Scrum, Lean, or other project management methodologies, contract PMs can bring expertise tailored to the project's needs. This ensures the adoption of best practices and efficient project execution.

Here's how these skills make a difference and can provide your organisation with a strategic project advantage:

  • Fresh Perspective and Specialised Knowledge

These contractors bring a unique perspective to projects stemming from their diverse backgrounds. Their broad experience enables them to propose innovative solutions and insights that may not have been previously considered. Their specialised knowledge of project management methodologies and tools can streamline processes and enhance project efficiency.

  • Tapping into a Wider Talent Pool

Engaging contractors allows organisations to tap into a broader talent pool without being restricted by geographical boundaries. This flexibility enables the assembly of project teams with the most suitable expertise, regardless of location. Contractors offer access to professionals with specific skill sets and experiences that may not be locally available.

By leveraging the specialised skills of project management contractors, companies can gain access to niche expertise without committing to long-term hires. This strategic advantage enables organisations to adapt to evolving project requirements efficiently while optimising resource allocation and minimising risk.

Focus and Efficiency

The nature of contract project management roles is uniquely suited to addressing specific project needs, making them invaluable assets for organisations seeking to enhance efficiency and gain a strategic advantage. These roles offer a flexible employment arrangement that allows organisations to tap into specialised expertise for targeted projects, optimising resource utilisation and achieving project objectives effectively.

  • Increased Dedication and Accountability

Contract project managers bring a singular focus to projects, enabling them to prioritise effectively and minimise distractions. This dedicated approach enhances accountability and ensures consistent progress towards project goals. For example, contract project managers' undivided attention in healthcare projects improves stakeholder coordination, leading to more efficient project outcomes.

  • Proactive Problem Solving and Risk Management

With their fresh perspective and proven risk management skills, contract project managers excel in identifying potential roadblocks and implementing proactive solutions. They anticipate issues, develop contingency plans, and mitigate risks to keep projects on track. 

For example, their proactive approach to technology implementations prevents delays and ensures timely project completion by addressing challenges before they escalate.

  • Overall Efficiency Gains

Combining focused attention, streamlined processes, and proactive risk management leads to overall efficiency gains. Contract project managers expedite project completion, saving costs and enabling organisations to seize opportunities sooner. Furthermore, their ability to optimise resource allocation ensures efficient use of resources throughout the project lifecycle. 

For instance, contract project managers enable faster discoveries and innovations in life sciences research projects by streamlining communication and collaboration among research teams.

By utilising the expertise and flexibility of contract project managers, organisations can achieve better project outcomes, mitigate risks, and gain a competitive edge in their respective industries.

Knowledge Transfer and Team Development

Contract project managers are vital in facilitating knowledge sharing and team growth within project management teams and organisations. Due to their cross-industry experiences, contract project managers are proficient in various up-to-date methodologies such as Agile and Waterfall. They offer flexibility crucial for projects facing specific requirements or unforeseen changes. 

Their ability to navigate diverse project complexities provides teams with invaluable insights and best practices for successful execution.

Let’s explore how a project management contractor’s exceptional skills and knowledge can provide several growth opportunities for your team below. 

  • Learning Opportunities

Contract project managers with specialised skills can organise workshops and training sessions tailored to meet the needs of internal team members. These sessions focus on transferring knowledge regarding specific methodologies, tools, and industry trends, enriching the team's skill set and encouraging professional growth.

Informal knowledge-sharing sessions initiated by contract project managers provide platforms for open discussions and collaborative learning among team members. These sessions support a culture of continuous learning within the project management team, promoting innovation and adaptation.

  • Team Collaboration

Contract project managers encourage cross-training opportunities within project teams, urging members to diversify their skill sets and collaborate across different roles. By supporting cross-training initiatives, they build a versatile and diverse project team.

Contract project managers are crucial in the organisation's succession planning and talent development. By utilising their diverse experiences, these professional contract workers help formulate succession plans for project management roles, ensuring smooth transitions and continuity in project leadership. 

With their specialised expertise and extensive experience, you can use their knowledge by asking them to provide mentorship and training to less experienced internal team members, sharing valuable insights and best practices. This benefits the ongoing project and strengthens the internal project management capabilities for future operations.

Final Thoughts on Utilising Project Management Contractors

Integrating contract project management roles into teams offers numerous strategic advantages for organisations navigating complex projects. Employers can optimise project success and achieve results efficiently by embracing flexibility, scalability, and access to specialised expertise. 

Contract project managers bring a focused, results-oriented mindset that enhances project delivery timelines and outcomes while providing cost-effective solutions compared to full-time employment. 

Effective risk management strategies and transparent communication practices ensure successful collaboration with contract PMs, ultimately enhancing project performance. As the industry evolves, the strategic use of contract project management roles will continue to play a vital role in driving project success and meeting organisational objectives in project management.

Considering Hiring Contractors for Your Upcoming Project?

Discover our effective contract recruitment solutions tailored to your talent strategy and business requirements. Our reliable approach accurately matches high-quality contract talent with your project needs. With a focus on collaboration, we empower your team to achieve business success.

Ready to find your project management contractor? Contact our team today, and let's start this journey.