In order to better evaluate a career in project management consulting, one should first step back and understand the different types of PM consultant roles. In this second installment in a series of three, we discuss the pros and cons of the firm-based project management consultant--and how they can enhance an organization's strategy.
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There are really two major career paths to follow in the world of financial services project management--pursue the role of Corporate Project Manager or Consultant Project Manager. For the latter track, it is broken down further into two roles. In this article, we will examine the pros and cons of being an Independent Consultant.
There are essentially two types of billing for contract work—Fixed Price (FP) or Time and Materials (T&M). Both have their advantages and disadvantages. This article introduces a third type of billing for a contract, called “Pre-Paid” (PP) billing. The Pre-Paid staffing model has an interesting parallel to flight booking and looks at the economies of scale to benefit both the provider and the client.
Consulting on a project can be a very different experience than managing one directly. And if you are a PM, you may find yourself dealing with project consultants on a regular basis. But when consultants start to encroach on the project manager’s purview, there can be conflicts and issues.