SEPTEMBERASIA BUSINESS OUTLOOK4 Vol 01 · Issue 5 - 1 · SEPTEMBER, 2022 Publisher Alok Chaturvedi Managing Editor Emmanuel Chiristi Das Editorial Aveek Pal Chaudhuri Niveada U Sthitaprajnya Panigrahi Vishnu M Group Art DirectorAshok Kumar Design I. Dinesh Kumar Tushar DasEditorialProject management has become more crucial to businesses in all sectors. Although the foundations of project management can often be applied across many industries, firms in more specialised domains may benefit from employing a project management consultant. This use of outside information may improve the abilities and performance of a project team. Project management consultants promote the success of companies in the pharmaceutical, financial, biotech, software, and information technology industries by streamlining projects to achieve goals and boost organisational profitability.Unlike project managers who are actively involved in the project lifecycle, project management consultants spend their time advising external organisations on best industry practises. A corporation could pay for project management consulting services if it has no project management experience or if it needs a third party to assess the job. This tactic seems to be growing as more businesses report using contract project management or outsourcing services.Project management consultants can assist firms in making the best decisions possible thanks to their specialised knowledge and skills. The majority of the time, they supervise and take the lead in carrying out projects from beginning to end. Depending on the needs of the project, hiring someone to oversee the processes who has only worked in one area of expertise can be a huge benefit. Consider a scenario where a sizable restaurant chain wants to execute a networking project for handling delivery and stock monitoring. While their internal project managers might be very adept at location openings and restaurant management processes, for a networking project it would make more sense to bring in someone who has specialized in IT or similar fields.The ability to utilize project management consulting increases a firm's flexibility and the chances that a project will be successful in achieving all its expected deliverables.Emmanuel Christi DasManaging Editoreditor@asiabusinessoutlook.comThe Real Opportunity Cost Editorial queries editor@asiabusinessoutlook.comSales Team Akshay Pratap Singh Ezekiah S. EdwardTo subscribeVisit www.asiabusinessoutlook.com/subscribe/ or send emailto subscription@asiabusinessoutlook.comMagazine Price is $50 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt. Ltd. and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2022 Siliconmedia Technologies Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.GM Sales and Marketing Nagendra Kumar KCirculation Manager P MagendranG Krishna S Shajilal
< Page 3 | Page 5 >