The document discusses the pros and cons of project management as a service (PMaaS). The pros of PMaaS include access to a wide range of project management skills and competencies from dedicated professionals, impartiality free from internal politics, and ability to efficiently scale to large programs. The cons include potentially lacking deep knowledge of a company, difficulties with political situations, higher costs than internal project managers, and stakeholders feeling a loss of control. The document promotes either full PMaaS outsourcing or hiring individual project managers as alternatives to address the cons.