How Do I Start a Project Management Consultancy Business?

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Starting a Project Management Consulting Business

To start a project management consulting business:

  • Become a project manager
  • Earn a degree in project management or related field
  • Gain project management experience
  • Consult with clients, analyze key performance indicators, and assess project viability
  • Perform detailed project analysis and submit reports for funding approval

Steps to Start a Consulting Business

Follow these 12 steps to start a consulting business:

  1. Finalize niche
  2. Choose business structure
  3. Register your business
  4. Open business bank accounts
  5. Establish branding
  6. Build website
  7. Set up accounting
  8. Equip office space
  9. Define service offerings
  10. Set consulting rates
  11. Market services
  12. Reach out to prospects

Profit Potential in Project Management Consulting

Project management consulting has low start-up costs and high profit potential. Consultants can earn from $50,000 per year to over $1 million. To increase profitability, consider partnering with non-competing consultants.

PMO Consulting and Certification

To become a PMO consultant:

  • Obtain a bachelor’s degree in business or related field
  • Gain extensive project management experience
  • Consider certifications like IPMO-Practitioner or CB-PMO Consultant
  • Develop communication and relationship-building skills
  • Progress from small to larger projects

PMO Consulting vs. Project Manager Role

The PMO role involves monitoring, methodology development, and tools implementation, while the Project Manager oversees all aspects of a project from start to finish.

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