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Project Management Consulting for Startups: How to Find Reliable Experts

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Slava Hraichenko
Jan 4, 2024
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So, you’ve been luckier than many startups: you had a brilliant idea and got the money to keep going! Now, as you work on bringing your product vision to life, considering project management consulting can be a crucial decision for your success. Why?

Managing startup product development effectively is tough. There's a high chance you'll encounter challenges like a lack of in-house expertise, technical issues, and budget constraints. When navigating all this without expert help, you risk making costly, or maybe even fatal, mistakes. Plus, with many strategic business tasks demanding your attention, delving into all management aspects might be overwhelming.

This article explains how project management consultants can help you ensure smooth and cost-efficient product development. We also give handy tips on finding a trustworthy partner for this important role.

Why is project management so important?

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Project management is, basically, how you achieve your desired outcome with whatever resources you have. Because even after securing substantial investment, your startup can fail if you waste money through poor resource allocation and inefficient processes. But you can still succeed with limited time and money if project management is done right.

Here are some of the ways project management impacts key aspects of software development:

  • Delivery time. A good project manager prevents costly delays by setting clear milestones, estimating time accurately, tracking progress, and adjusting the team’s work as needed.
  • Cost and resource allocation. The average IT project overruns its budget by 75%. Effective project management helps you avoid this outcome through careful budgeting, cost tracking, and risk management, making the best use of your money.
  • Teamwork and communication. Experienced project managers clearly communicate goals and expectations to the team, define roles properly, and foster effective collaboration and productivity.
  • Quality of deliverables. Proactive project management ensures expected outcomes by establishing consistent testing, quality assurance, and validation processes and detecting potential issues early on.
  • Risk management. With effective project management, you can have confidence in the stability of your project. Project managers anticipate potential risks, develop risk mitigation strategies, and implement them to minimize the impact of unforeseen issues.

Many startups lack the in-house expertise to manage all the complex aspects of web and mobile development. Hiring an external project management consultant is the optimal way to bridge this gap. How? Let’s discuss this in more detail.

How project management consulting benefits your startup

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Project management consultancy simply means hiring a partner to provide you with all the professional advice, guidance, and support required to enhance your product development processes and ensure your expected outcomes. Consultants usually have extensive expertise in methodologies, tools, and best practices for effective project management.

Although these experts work closely with your startup to successfully plan and execute your project, they don’t serve as your project manager — they provide advice to help you make the best decisions. But it’s still up to you to make those decisions. 

So, how exactly do consultants assist your startup? Here's a breakdown of what they do:

  • Conduct a complete audit of your existing processes, detecting any roadblocks that can impede your project’s performance.
  • Develop an improvement roadmap that precisely specifies what steps you need to take to improve the efficiency of your processes.
  • Implement more efficient processes, including the introduction of collaboration tools and team training.
  • Perform a cost-benefit analysis to help you prioritize tasks based on financial and strategic considerations.
  • Assess your team’s structure and expertise to pinpoint any gaps in your team’s skills, suggest strategies for effective role definition, and, if needed, for hiring the right talent.
  • Develop risk management strategies, minimizing potential risks and ensuring that you have effective recovery plans if issues arise.
  • Provide your team with ongoing support, helping them overcome project management challenges with minimal cost and negative impact.

How will you know if project management consultancy is working for you? When the consultant does their job well, you get more effective teamwork, streamlined processes, better resource allocation, decreased expenses, and reduced risk. Next, let’s discuss how to hire an expert like this for your startup.

How do you find a reliable project management consultant?

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All the benefits of project management consultancy services outlined above can only be implemented when the consultant is highly professional and a good match for your project and team. How do you find and hire someone like that? Here are a few recommendations:

  • Explore reviews and recommendations. You can ask someone who’s already worked with consultants for recommendations or just go to review sites like Clutch.
  • Check their portfolio. Actions speak louder than words. Look for experts with a successful portfolio of projects similar to yours.
  • Find and talk with several consultants you like before choosing one. Even a brief discussion will help you gauge the consultant’s approach and compatibility with your project and team’s culture.
  • Test how they would solve real problems. Ask scenario-based questions to simulate real-world situations. This will help you assess a consultant's approach and problem-solving skills. Even better, before committing to a long-term contract, engage the consultant for a smaller trial task. This way, you’ll see how the consultant works and what benefits they can bring to your startup.

Throughout your search for project management consultancy, it's critical to stay practical and focused on your project's needs. So, pay close attention to the consultants' roles in previous projects. Did they manage an entire project or specific tasks? Did they follow established processes or introduce improvements? If the latter, how did those improvements benefit the project?

Summary

Certainly, you can go ahead with product development without hiring project management consultants. However, in this case, you reduce your chances of launching a successful product. That’s because creating a software product is inherently complex. When you add a limited budget and tight deadlines to the mix, you have an increased risk of things going wrong.

At Implex, we provide expert project management consultancy services to various businesses. Want to avoid the pitfalls of inefficient processes and resource allocation? Contact us, and let's talk about how our experienced consultants can ensure smooth and efficient project management for your startup.

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