Editor’s Note: This article was originally published by the JLL Project Management blog.
By: Tim Kay, Managing Director, JLL
Let’s say your company is looking to expand its existing corporate headquarters. Clearly, you’re going to need help with the pre-project planning, scope definition and staffing, but how do you go about getting that help? Do you rely on existing workforce? Hire new employees to manage the project? Or do you outsource the project to a professional project manager?
Similar to how you’d want the best heart surgeon to perform heart surgery on you if needed, the same goes for a project manager. Expanding your corporate headquarters is a big deal and you want to invest in an experienced project manager who is able to deliver more than just a project. You want someone who can help you realize the broader ambitions and business goals for your new headquarters location.
But What Will a Professional Project Manager Cost?
The bottom line impact of hiring a professional project manager to deliver your next office space is often less expensive than many prospective clients believe. With benefits accounting for an additional 43 percent of the hourly wage rate, it can be quite costly to keep an employee on the payroll. And the costs don’t stop there. With taxes, insurance, overhead expenses and benefits, the overall labor burden rate can significantly impact a company’s bottom line.… Read More