As we’ve shifted into a digital arena — where we’re constantly introduced to new apps and tools — conducting business has also become a largely digital experience. With that, the need for project management services has increased, calling for prompt and innovative methods of execution.
Project management entails planning, organizing, and managing project activities to complete a project with predetermined parameters. Project managers apply the necessary tools, skills, and proven best practices to help ensure a client’s project is completed efficiently, on time, and within their budget. Skilled at switching between managing the bigger picture and the finer details, a project manager can be an asset to every project that involves multiple people.
Emerging project management trends
As per a 2018 research by KPMG, 70% of organizations have faced at least one project failure in the preceding 12 months, of which 50% claimed that their projects failed to persistently achieve the set goals. The project management trend has only been ramping up ever since, seeing a rapid spike especially since 2020.
The coronavirus outbreak and resultant social distancing in 2020 have propelled businesses that hadn’t already done so to transition to a remote work setup. This sudden transition has had a rather negative impact on businesses that failed to implement project management services. According to the Pulse of the Profession study by the Project Management Institute, companies with a clear project management structure had 38% more successful projects that met their goals than those that did not.
Why set up a project management service business in Dubai?
Project management is a great business idea for analytical thinkers and detail-oriented, organized professionals. Some of the advantages of starting a project management service business include:
- Wide scope
Project management service firms are in popular demand across a range of sectors in Dubai, like construction, healthcare, telecom, manufacturing, and defense. This is because the execution of each project requires a detailed and comprehensive study that can be done by a skilled expert. Dubai being a hotspot for tourists, the demand for these services is especially higher in this city for new developments and constructions. - Work with the UAE government
Besides the above-mentioned sectors, you can also get plenty of opportunities to work on government projects that require assistance for their implementation, providing you broad expertise in handling projects for different verticals.
- Strategic location
Dubai is in proximity with other business hubs that share the same characteristics of high quality of life and disposable income. Participation in civil projects can build a reputation to attract high-value projects like shopping malls, tourist attraction monuments, and more.
Being a demanding market is far from the only reason to set up a project management service business in Dubai. With the right support, the setup process can be much faster and efficient. At Flyingcolour, we provide a simple and effortless approach for business setup in Dubai. If you are interested, reach out to us at +971 4 4542366 or email us at info@flyingcolour.com.
