Project Management

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Thesis Topic: Creating a PM consulting company following PMI Standards. Any suggestion or recommendation for my thesis.

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Danny Jossue Gudiel Avila Program Support Specialist| Compassion International, INC. Tegucigalpa, Francisco Morazán, Honduras
I am doing a Thesis Documente to gain my Master Degree in Project Management. The Topic I chose is: "Creating a Project Consultant Company in Tegucigalpa, Honduras." Any recommendation based on your experience?
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Eric Simms Senior Program Manager Baltimore, Maryland, United States
You have already selected your topic, so what sort of recommendation are you seeking?
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1 reply by Danny Jossue Gudiel Avila
Oct 18, 2017 4:07 PM
Danny Jossue Gudiel Avila
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Hi Eric. I am getting into Project Management. I slightly know about PMI Certifications. I wonder if one needs to be certified by the PMI or ISO-21500 to create a Project Consultant Company. As Social Project consultant what would be your target market in a country where in general there is not a Project Culture.
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Br. Ts. PUI CHEE KHIAN PMP®, PMI-RMP®, PMI-SP, CCPM (CIDB), MBA, MPM® CPE, FAAPM, FCILG, MPMI, | CPE, FAAPM, FCILG, MPMI, MMSSA, MMIM, AMIVMM, CM(ACPM) Kuching, Sarawak, Malaysia
I noticed you had reported earning a Master in Project Management to PM.com as referred to your special badges list summary. Why are you doing master again?
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1 reply by Danny Jossue Gudiel Avila
Oct 18, 2017 4:01 PM
Danny Jossue Gudiel Avila
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Hello. PUI CHEE. My bad. I am new in this platform. I thought that badge refered to the on-going educational process.
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Danny Jossue Gudiel Avila Program Support Specialist| Compassion International, INC. Tegucigalpa, Francisco Morazán, Honduras
Oct 16, 2017 1:56 AM
Replying to Br. Ts. PUI CHEE KHIAN
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I noticed you had reported earning a Master in Project Management to PM.com as referred to your special badges list summary. Why are you doing master again?
Hello. PUI CHEE. My bad. I am new in this platform. I thought that badge refered to the on-going educational process.
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Danny Jossue Gudiel Avila Program Support Specialist| Compassion International, INC. Tegucigalpa, Francisco Morazán, Honduras
Oct 16, 2017 12:15 AM
Replying to Eric Simms
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You have already selected your topic, so what sort of recommendation are you seeking?
Hi Eric. I am getting into Project Management. I slightly know about PMI Certifications. I wonder if one needs to be certified by the PMI or ISO-21500 to create a Project Consultant Company. As Social Project consultant what would be your target market in a country where in general there is not a Project Culture.
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Danny -

if organizational PM maturity is low, then a project management consultant is likely to spend a fair bit of time "selling" the value of project management to prospective clients and then helping them establish a foundational level of PM capability through training, coaching, and leading by example.

There are no global standards for PM consultants (or PMs for that matter). If a client wants to hire you, PMI or any other PM association won't prevent them from doing so even if you have not been certified. However, if you are a PMI member and/or hold a PMI credential, you are expected to adhere to PMI's Code of Ethics.

Kiron
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2 replies by Br. Ts. PUI CHEE KHIAN and Danny Jossue Gudiel Avila
Oct 19, 2017 1:52 PM
Danny Jossue Gudiel Avila
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Thanks for your comment Kiron. I am considering to incorporate the OPM3 Standards as part of the deliverablse of my thesis. I am considering to create this company in the future after gaining more experience. This Project Consultant Company is aimed to Social Projects.
Oct 20, 2017 12:51 AM
Br. Ts. PUI CHEE KHIAN
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Hi Danny, Agreed with Kiron. I would say to start an enterprise in project management field is challenging for reason the Client must really appreciate the value added into their performing organisation. PM must have sense of business acumen in the industry.

Thank you.
PUI
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
The only thing I would add to Kiron's answer is that to be a PM consultant you only need more PM knowledge, skills and/or experience than the customers you are pursuing.
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1 reply by Danny Jossue Gudiel Avila
Oct 19, 2017 1:54 PM
Danny Jossue Gudiel Avila
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Hello Stéphane,
After reading your comment, I came up with some ideas for my business plan in my study. This Project Consultant Company is aimed to Social Projects. Thank you for your observation.
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Danny Jossue Gudiel Avila Program Support Specialist| Compassion International, INC. Tegucigalpa, Francisco Morazán, Honduras
Oct 18, 2017 6:42 PM
Replying to Kiron Bondale
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Danny -

if organizational PM maturity is low, then a project management consultant is likely to spend a fair bit of time "selling" the value of project management to prospective clients and then helping them establish a foundational level of PM capability through training, coaching, and leading by example.

There are no global standards for PM consultants (or PMs for that matter). If a client wants to hire you, PMI or any other PM association won't prevent them from doing so even if you have not been certified. However, if you are a PMI member and/or hold a PMI credential, you are expected to adhere to PMI's Code of Ethics.

Kiron
Thanks for your comment Kiron. I am considering to incorporate the OPM3 Standards as part of the deliverablse of my thesis. I am considering to create this company in the future after gaining more experience. This Project Consultant Company is aimed to Social Projects.
...
1 reply by Sergio Luis Conte
Oct 22, 2017 7:45 AM
Sergio Luis Conte
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There are a new version of OPM in place. I am working in reviewing that. The OPM has no sense, it will not help you at all, unfortunatelly.
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Danny Jossue Gudiel Avila Program Support Specialist| Compassion International, INC. Tegucigalpa, Francisco Morazán, Honduras
Oct 19, 2017 9:54 AM
Replying to Stéphane Parent
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The only thing I would add to Kiron's answer is that to be a PM consultant you only need more PM knowledge, skills and/or experience than the customers you are pursuing.
Hello Stéphane,
After reading your comment, I came up with some ideas for my business plan in my study. This Project Consultant Company is aimed to Social Projects. Thank you for your observation.
...
2 replies by Eric Simms and Stéphane Parent
Oct 19, 2017 2:29 PM
Stéphane Parent
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You're very welcome, Danny.
Oct 19, 2017 5:07 PM
Eric Simms
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You want to start a project management company in an environment that lacks a project management, and your company is focusing on social projects. I don't see the potential for your company to make a high profit return in this scenario, so I wonder if your company will be able to remain fiscally viable for long.
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Oct 19, 2017 1:54 PM
Replying to Danny Jossue Gudiel Avila
...
Hello Stéphane,
After reading your comment, I came up with some ideas for my business plan in my study. This Project Consultant Company is aimed to Social Projects. Thank you for your observation.
You're very welcome, Danny.
avatar
Eric Simms Senior Program Manager Baltimore, Maryland, United States
Oct 19, 2017 1:54 PM
Replying to Danny Jossue Gudiel Avila
...
Hello Stéphane,
After reading your comment, I came up with some ideas for my business plan in my study. This Project Consultant Company is aimed to Social Projects. Thank you for your observation.
You want to start a project management company in an environment that lacks a project management, and your company is focusing on social projects. I don't see the potential for your company to make a high profit return in this scenario, so I wonder if your company will be able to remain fiscally viable for long.
...
1 reply by Danny Jossue Gudiel Avila
Oct 19, 2017 5:35 PM
Danny Jossue Gudiel Avila
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Hello Eric.
I meant. By 2015, there were about 16,000 of non-profit organizations and foundations in this country that work with Social Projects. However, their methodologies and techniques are not standardized. My thesis is focused on creation of a project consultant company to provide them with training, couching and leading following the PMI Standards. What do you think? Any recommendation?
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