The services being offered by outsourcing is becoming more diverse throughout the years.  Now, even the management tasks are being outsourced. Thanks to the many available collaboration tools, this kind of business process is already possible. In offshore companies, they naturally hire their own project managers to look after a certain number or group of Virtual Assistants that they have doing a certain task for a client.  The risk comes in when you decide to outsource a manager to take care of your in-house projects. To rationalize the risks involved in this kind of transaction, it would help if we weigh the advantages of outsourcing in project management and disadvantages of such move.

Pros

1. Outsource project managers have fresher perspective of your company’s projects, issues, and needs. Sometimes, an outsider’s perspective is richer since they have not been exposed to the same thing (eg., business environment, company values, business strategies) for a long time.
2. Most project managers become more aggressive and goal-oriented when they are working remotely because of the absence of direct interactions. Direct and daily interactions is more prone to conflicts, simply because everything is spontaneous and competitive. Compared to someone who’s working outside the company, he or she can have all the time to package his/her messages, instructions, and ideas to make it more apt for his subordinates.
3. Better productivity, as you can have all the time to focus on the other core tasks of the company.
4. Mainly because of the cost savings, you can assign highly specific tasks  to one project manager, and another set of tasks to a different project managers to ensure highest quality of output. The usual reason for mediocre works is the lack of specialization.
5. Lastly, you can apparently get better outputs in a lower cost.

Cons

1. Private and sensitive information or files would have to be risked to make the entire management process possible.
2. While savings is guaranteed in any outsourcing venture, with project management, huge amount of money us also at risk once it fails.
3. To make project management work for you and you’re your employees,  thorough coordination is really needed to keep everyone  on track.
4. There may be problems when it comes to ‘management cultures’. This usually happens when one is planning to get project managers offshore, because different nations may have their different approaches to management and collaboration.
5. Although external resources are ideally to be used in the process, it is still inevitable for your internal resources to be necessary to make the whole process work efficiently.

Depending on your project needs and scope, project management can be your easiest access to maximum productivity and profits.