With the upcoming change in Employers NI and employer costs, organisations are looking for innovative ways of resourcing their projects. The PMaaS model can help by providing a flexible, scalable, and cost-effective solution for accessing project management expertise.

The Burden of Increased Employer Costs

The UK’s 2024 Autumn Budget introduced a series of changes that impact businesses, including increases to National Insurance, pension contributions, and the minimum wage. These changes are collectively referred to as a “triple hit” on employers and will likely increase business costs, especially for SMEs.

As organisations grapple with the implications of these changes, which include an increase in the main rate of secondary Class 1 NICs from 13.8% to 15% effective April 6, 2025, a pressing need for innovative IT project resourcing solutions has emerged . Among the most promising solutions is the Project Management as a Service (PMaaS) model, offering a compelling blend of flexibility, cost-effectiveness, and access to specialized expertise.

What is PMaaS?

PMaaS (Project Management as a Service) is a service model where organisations can access project management staff, resources, and tools at a flexible and predictable cost. This is achieved through a fully structured managed service underpinned by KPIs and SLAs. PMaaS providers, such as Stoneseed, offer a complete range of project management services, including Project Managers, Business Analysis (BAaaS), PMO (PMOaaS), and Technical Advisory Services.

How PMaaS Can Help

PMaaS helps organisations mitigate the impact of rising employer costs through its flexible resourcing model and predictable cost structure.

● Scalability: One of the most significant advantages of the PMaaS model is its scalability. Organisations can scale project management resources up or down based on project needs without long-term commitments to full-time staff. This flexibility is particularly valuable for organisations with fluctuating project demands, allowing them to adjust resources in sync with project lifecycles and avoid the costs of maintaining a large permanent project management team.

● Flexible Resourcing: PMaaS offers access to a diverse pool of qualified project management professionals with varying levels of expertise and experience, available on a temporary, part-time, or full-time basis. This allows organisations to tailor their project teams to the specific needs of each project, ensuring they have the right skills and experience for optimal project execution.

● Cost Control: The PMaaS model operates on a flexible resourcing model where organisations pay only for the resources they use. This eliminates the upfront costs associated with hiring full-time staff, allowing for dynamic budget allocation and ensuring that project resources are deployed efficiently. Furthermore, the use of straightforward rate cards, such as those used by Stoneseed, provides cost predictability and transparency, allowing organisations to budget effectively and avoid cost overruns.

Conclusion

PMaaS provides a compelling solution for organisations seeking to navigate the challenges of rising employer costs and the evolving demands of project management. It offers a cost-effective, scalable, and flexible approach to project resourcing while mitigating IR35 compliance risks. By adopting PMaaS, organisations can maintain project delivery efficiency and control costs amidst evolving economic landscapes.

Find out how Stoneseed can help you manage rising cost and keep your projects on track…