The 7 Benefits of Hiring a Fractional Project Manager

In today’s fast-paced business environment, companies are constantly seeking ways to optimize their operations and maximize efficiency. One innovative solution that has gained recent popularity is hiring a Fractional Project Manager (FPM). But what exactly is a fractional project manager, and how can they benefit your organization? 

Let’s explore the top five benefits, with a special focus on how they can navigate your projects towards success. 

1. Cost-Effective Expertise

Hiring a full-time project manager can be a significant financial commitment, especially for small to medium-sized businesses. A Fractional Project Manager provides the same level of expertise and experience but on a part-time basis. This means you only pay for the time and services you need, making it a cost-effective solution without compromising on quality. This approach allows businesses to allocate resources more efficiently, ensuring that every dollar spent contributes directly to project success.  

2. Flexibility and Scalability

Business needs can fluctuate and having the flexibility to scale project management resources up or down is invaluable. FPMs offer this flexibility, allowing you to adjust their involvement based on the demands of your projects. Whether you need more hands-on management during peak times or less during slower periods, a Fractional Project Manager can adapt to your needs. This adaptability ensures that your projects remain on track, regardless of changing circumstances.

3. Access to Specialized Skills

FPMs often bring a wealth of experience from various industries and projects. This diverse background means they possess specialized skills and knowledge that can be tailored to your specific project requirements. By hiring a Fractional Project Manager, you gain access to this expertise without the long-term commitment of a full-time hire. Their ability to navigate complex project landscapes and apply best practices from different sectors can significantly enhance your project’s chances of success.

4. Improved Focus and Efficiency

With a Fractional Project Manager, your internal team can focus on their core responsibilities while the project manager handles the intricacies of project planning, execution, and monitoring. This division of labor leads to improved efficiency and ensures that projects are completed on time and within budget. The Fractional Project Manager's dedicated focus on project management tasks can drive better outcomes and higher productivity. Moreover, their expertise in project success navigation means they are not just managing tasks but strategically steering the project towards its goals.

5. Objective Perspective 

An external FPM can provide an unbiased, objective perspective on your projects. They can identify potential issues, offer fresh insights, and recommend improvements that internal team members might overlook. This outside viewpoint can be crucial for overcoming challenges and achieving project success. Their role as a navigator means they are constantly assessing the project’s trajectory and making adjustments to ensure it stays on course.

6. Enhanced Project Success Navigation

At Corbeau, the focus is not just on project completion but on project success. Your FPMs leverage the world’s first project success navigation app to ensure that every project not only meets its deadlines but also achieves its intended outcomes. This app provides real-time insights, predictive analytics, and strategic guidance, enabling project managers to make informed decisions and proactively address potential roadblocks. By integrating this technology, your fractional project managers can deliver unparalleled value, ensuring that projects are not just completed but are successful in every sense. 

7. Strategic Alignment with Business Goals

Fractional Project Managers understand the importance of aligning projects with broader business objectives. They work closely with stakeholders to ensure that each project contributes to the company’s strategic goals. This alignment is crucial for maximizing the impact of your projects and ensuring that they deliver tangible business value. By focusing on project success rather than just completion, your FPMs help drive long-term growth and sustainability.

Hiring a Fractional Project Manager can be a game-changer for your organization, offering cost-effective, flexible, and specialized project management solutions. By leveraging their expertise and your innovative project success navigation app, you can enhance your team’s efficiency, focus, and overall project outcomes. Consider the benefits and see how Fractional Project Managers can help your business thrive. 

About CORBEAU Tech 

Launched in February 2022, CORBEAU Tech is a success-focused technology and consulting company based in Oklahoma City, Oklahoma.  

CORBEAU Tech aims to help businesses worldwide break free from the box-checking epidemic that surrounds traditional project management. We prioritize the success of projects, meeting deadlines, and staying within budget.  

The CORBEAU Tech team collectively has over 75 years of real-world project expertise. This expert team understands the unique challenges of our clients and strategizes and executes effective business solutions designed to maximize project success.