PROJECT MANAGEMENT COMPANY
Let us handle your
complex projects
Around 90% of C-level managers consider project management crucial for business success. Our managers in London, Zagreb or Ljubljana can help you with that.
PROJECT MANAGEMENT COMPANY
Let us handle your
complex projects
Around 90% of C-level managers consider project management crucial for business success. Our managers in London, Zagreb or Ljubljana can help you with that.
Who manages your projects?
Extensive global research conducted over several decades consistently highlights the significance of project management.
The Project Management Institute (PMI), a worldwide organization for project managers, asserts that 90% of C-level managers consider project management crucial for business success, with two-thirds of them ranking the creation of high-quality, specialized project teams as one of their top three priorities. The emphasis is on quality. A project management consultancy ensures efficient planning, execution, and delivery so you can achieve your business goals.
Why You Should Hire a Project Management Company
Approximately $1 million is wasted worldwide every 20 seconds due to inefficient project management, and this yearly loss adds up to an astonishing $2 trillion, clearly showing how important it is to have high-quality leadership for your projects.
Let’s consider some troubling facts. If your projects are managed by someone lacking the necessary skills, statistics indicate that every third project they work on will likely fail. Furthermore, an ineffective project manager tends to exceed the estimated budget by an average of 43% of the total project value. Additionally, due to inadequate work practices, as many as 48% of projects will experience delivery delays.
If you hire a quality expert as a project manager, you can save about 30% of resources on your projects. An effective project manager can increase the productivity of project teams by 21%. A good quality manager could save you a cumulative total of 500,000 dollars for large projects.
Overall, a project managament company provides:
Expertise and experience
Project managers bring specialized knowledge and experience to ensure projects are completed efficiently and effectively.
Time, money and resource optimization
They help streamline processes, allocate resources wisely, and reduce wasted time, ensuring that deadlines are met. Additional benefits are cutting costs and ensuring that projects stay within budget, preventing overspending.
Better risk mitigation
Profesional project managers can identify potential risks early and implement strategies to minimize them, avoiding costly setbacks.
Communication bridge
Project managers act as a central point of contact, ensuring clear communication among stakeholders and team members.
Faster results
With their expertise, project management companies help turn visions into reality more quickly and efficiently.
5 life cycle phases of a project
Each project's life cycle serves as the basic framework for the project manager to structure the project effectively and maximize resource optimization. Specific phases within the project life cycle involve clearly defined activities.
1. Initiation
During the initiation phase, the project manager works with stakeholders to create a detailed plan outlining the project's tasks, resources, timeframe, and budget.
2. Planning
The project manager creates a detailed plan for the project team during the planning phase. This plan includes individual tasks for team members, necessary resources, a precise time frame, and a detailed budget.
3. Executive phase
In this phase, the project team carries out assigned tasks, supervised by the project manager. Effective communication among stakeholders, the project manager, and the team is crucial for success. Research shows that 56% of the budget is lost due to poor communication between parties. Therefore, a good communication process is considered one of the most essential characteristics of an efficient project manager.
4. Monitoring and controlling phase
To ensure maximum efficiency, the project manager consistently oversees and monitors the project team's work. This typically involves tracking key metrics, identifying and managing risks, and making necessary adjustments to the project plan.
5. The final stage
After completing the project, the manager evaluates its success and shares the results with stakeholders, suggesting process optimization in future projects.
Why TIS GRUPA?
The project management department is central to TIS GRUPA's success. Our certified experts are regularly involved in the most demanding (inter)national projects, implementing the latest trends using recommended work methods.
Our project management team has been delivering services to clients across various industries, including banking, fintech, public administration, and telecommunication.
Work with us
Whether you seek traditional IT services or customized solutions, we assist with the selection, development, integration, and maintenance of services tailored to your organization's needs.
With our offices in the UK, Croatia and Slovenia, we can move fast and help you reach your business goals to stay relevant today- and in the future.
Join the many companies that have secured their future with TIS GRUPA's innovative solutions.
