Why Project Consulting?

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Projects are Key to Business Success

Businesses are increasingly focused on project success, implementing more change through projects. However, it is estimated that only a third of organizations consistently deliver their projects on cost, schedule, or stated deliverables. Such inefficiency results in significant material loss—not only in terms of wasted opportunities and cash but also in reputation. Conversely, successful projects can transform an organization. This doesn't have to be the case; achieving business project success is a known skill. Engaging a project management consultancy can provide you with the necessary expertise and insights to uncover opportunities and identify risk management in projects. The tools, processes, and methodologies for delivering better projects are available, and applying them effectively can enhance success—sometimes dramatically. At Cephas Project Management, we have many years of experience in delivering projects and assisting people in improving their project performance. Here are some of the benefits of enhancing the efficiency of your projects, programs, and portfolios.

Enhance Business Benefit

All business projects aim to deliver benefits, whether that means increasing profit, enhancing facilities, entering new markets, or delivering a product to a client. However, how many of these projects truly achieve the promised benefits? Indeed, how many projects clearly articulate the benefits they intend to realize? Engaging a project management consultancy can help you define the outcomes you wish to achieve from your project. They can also implement effective risk management in projects, along with methods, tools, and techniques to maximize your chances of business project success.

Increase RoI

Aligned with the goal of realizing business project success is the desire to see a planned return on investment and even improve upon it. Projects managed through effective project management consultancy and best practices, as well as effective risk management in projects, have the highest likelihood of achieving this.

Reduce Risk

Any business project involves risk, and projects are no exception. Just consider the UK Government’s e-borders project or the opening of Heathrow’s Terminal 5 to understand how projects can evolve into challenging endeavors. In most cases, effective risk management in projects can ensure that the impact on the project—and thus on the business—is minimized. Projects executed without a focus on the risks they carry are likely to become train wrecks. Engaging with project management consultancy can help you identify and manage these risks, while also recognizing and realizing opportunities, which are essentially the positive flipside of risk.

Reduce Cost

Projects that are poorly controlled almost inevitably underperform in terms of cost, negatively impacting business project success. While projects often incorporate various cost control measures, these can be poorly implemented or incorrectly applied. Furthermore, inefficiencies and risk, particularly concerning risk management in projects, are significant barriers to achieving good cost performance. To address these issues, it's essential to introduce effective cost controls and ensure their proper implementation. A project management consultancy can review your control structure, identify areas for improvement, and introduce robust controls, all while providing ongoing support throughout your project to enhance effectiveness.