Daysha Consulting, a provider of IT project management, consulting and implementation, is today announced investment of €1.5m in the company to support expansion of the business and the development of its Project Management as a Service (PMaaS) offering.
Daysha is also creating 15 new positions in the next 12 months, bringing the total team to 40. The new positions are for IT project management experts, business analysts and technical architects. They will primarily be based in Dublin. The investment is being raised from retained earnings and bank finance.
Daysha provides IT programme and project management services to clients such as IBM, Zurich Insurance, Houghton Mifflin Harcourt (HMH) and Enterprise Ireland. It has had continued strong growth since 2010 and it is expected to achieve 25% revenue growth in 2014.
A lack of internal resources in the market place is driving the demand for Daysha’s services and it has packaged its new PMaaS offering to meet this demand. PMaaS removes the risks associated with reliance on a single individual for the duration of a project and ensures the right capabilities can be provided at any stage of a project lifecycle.
Brendan O’Reilly, managing director, Daysha Consulting explained, “Typically the traditional project management model has been to hire a senior project manager for the duration of the project. We are disrupting this market with our PMaaS service, by optimising the allocation of expertise through a service-level model. Rather than buying the services of an individual, you are buying the services of a firm that has all the specialist knowledge you will require over the lifetime of your project.
“We know we can reduce the cost of IT project management by as much as 25%. This new model provides businesses with a great degree of flexibility in terms of resources and costs and we have been receiving a lot of interest among existing and new clients.”
Daysha has developed PMaaS as a result of the increasing need among Irish business to have a guaranteed level of expertise at the appropriate time in a project, to support or supplement their internal teams. As different needs arise during a project, the PMaaS approach reduces the risk of project failure and the high costs associated with project management as it enables Daysha to deploy different people with different skillsets who will collaborate to ensure the successful delivery of the project.