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How much do you charge for Project Mgmt Consulting Rates?
Last Post 04 Feb 2014 10:19 AM by kspojo. 46 Replies.
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Author Messages Informative
Shari Rostochil New Member New Member Posts:2

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06 Feb 2010 03:56 PM
    Just curious, I have been in the IT Project Mgmt field for 15 years and am now having the opportunity to do Consulting. The rates in Oklahoma vary quite differently. I am curious as to what other PM Consultants are charging per hour for their services to manage projects.
    Patrick Wideman New Member New Member Posts:1

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    10 Feb 2010 03:50 AM
    $85 to $150 depending on project and experience required.
    Bernard Roduit New Member New Member Posts:9

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    12 Feb 2010 08:25 AM
    There is a nice article on the subject in this site wiki: display 'all pages' and you'll see it :-)
    Daniel Giacomelli New Member New Member Posts:7

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    14 Feb 2010 06:22 AM
    As a consultant, I've seen the range from $50 for part time/Junior PMs (more like PM coordinators/admins) up to $250 who act more like program managers. All depends on the engagement and scope for the role/position and project.
    Diego LLanos New Member New Member Posts:19

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    20 Feb 2010 03:23 AM
    Mr. Bernard Rodouit could you give the link of the site you recommended, pls?
    William Boehner New Member New Member Posts:1

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    25 Feb 2010 08:58 AM
    We charge $150-$200 for the following profile: 15-20 years PM experience; 10+ years prior experience working at Tier 1 consulting companies; responsible for fairly large/complex projects averaging 12-24 months; geographically dispersed project team; 25+ team members; partnering with a systems integrator requiring strong vendor management skills. I've seen higher rates than this, but rarely have I seen lower for this type of skillset.

    Obviously, less complex projects/programs don't require this experience level and PMs can be found in the $80-$125/hr range.

    Also, I think location will also play into the rate discussion as NYC will command a much higher rate than a more rural setting.

    Hope this helps.
    Chandrasekar Ramakrishnan New Member New Member Posts:13

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    28 Feb 2010 02:02 AM
    I've seen $90 to $120 for consultants with 10-15 years of exp. I know a person getting $200 with about 18 years of exp as a program manager. As rightly said, it depends on the location too.
    Lisa Sieverts New Member New Member Posts:9

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    16 Mar 2010 06:24 AM
    $150/hour in northern New England
    David Jones New Member New Member Posts:1

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    20 Apr 2010 07:01 AM
    We are in a number of states surrounding Iowa and our services are billed at $125/hr
    Maureen Miller New Member New Member Posts:1

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    06 May 2010 02:51 AM
    Jeffrey Braverman New Member New Member Posts:1

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    06 May 2010 03:20 AM
    Rates vary as everyone described. There is the direct rate to the client and the rate you may receive from the consulting firm you work with to do your work. It also can vary depending if you work as a W2, Independent or Corp to Corp. Expect about $5/hr more as a corp to corp. Also, rates have taken quite a hit over the last two years and seem to finally be firming up a bit. I have seen many people taking rates well below the work level to stay employed and hope to see this change in the next six months. In the NYC Metro area today I am seeing rates, to the individual, in the $50-75/hr for Junior to medium level PMs and $75-100/hr for more Senior. Be careful how expenses and rate coverage is down around air travel. Also, you may see hourly or professional day. Verify how many hours each are because I have seen hourly contracts for less than an 8 hour day. Lastly, validate net terms, dependability of getting paid, how (check or direct payment), any business insurance you may need to provide and length of contract to help calculate your rate as well. It is not a great rate if it is over market but you can't collect it from your client.
    Carol Francum New Member New Member Posts:1

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    07 May 2010 06:57 AM
    Great question! Rates do vary greatly by location.. Does anyone have any experience with rates in niche markets? For instance, consulting for ITIL implementations or ITIL strategy assessments?
    Pablo Lledo New Member New Member Posts:5

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    09 May 2010 11:18 AM
    usd 2,000 per day when I have to travel outside Argentina
    usd 100/hour when I work from my office in Mendoza, Argentina
    Rania Al-Maghraby New Member New Member Posts:3

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    28 May 2010 03:24 AM
    I'm from Egypt with medium level experience. Working as an independent project manager, off-site and on-site in the IT field. Usually a rate equivalent to USD 20 / hour will be satisfactory.
    Anurag Varshney New Member New Member Posts:22

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    16 Oct 2010 02:35 PM
    I depends on industry, location, experience, duration, client size such as rates in one vs other as per following shall be quite different
    - retail vs wholesale
    - Asia vs USA
    - Junior PM vs Senior PM
    - One month project vs Long term implementation
    - SME segment vs Large size client
    I can talk about rates in retail IT implementation in USA are quite high and between $100 per hour to $250.

    Chair - Retail CoP
    Anthony Adams New Member New Member Posts:4

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    28 Oct 2010 03:49 PM
    Hi,
    I am a PM in Australia, with 10 years experience. I charge $1,200 AUD/day which is slightly above market rates. That equates to about $1,100 USD. Regards, Tony
    nanouk New Member New Member Posts:25

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    03 Nov 2010 04:48 PM
    Can I offer a bit more of definitive method that will work in any market, any skill level, and on any project. It will take a little research, but here is how I set my rates, and I have worked all over the world from very small projects in towns where they have one stop light to NYC. It was bit more difficult before the Internet, but now its quite simple.

    Research the Internet for W2 salaried positions for work that is similar in scope, time, location, and stress (tight deadlines, 3rd world issues, etc.). There are several ways in which this can be done. You can just google the positions, look on job boards including Ju Ju for over seas positions, or purchase one of the many research firms that gather and publish salaries for professional positions from programmers to CIO/CTO.

    When I find several positions that are close, I usually take the 3 closest to the engagement I am bidding on or applying for, average them and then double the rate. The reason for the doubling is to cover "taxes, benefits, retirement, insurance (WC, liability, bond, etc), education -- these are things that a W2 position would cost the company extra. These usually rates out about 50% of the rated salary for the US and Canada; other locales may be different. The extra is for small expenses, not travel or such, and the premium I bring due to my experience and skills as an external consultant.

    I have found this profiles me into a very competitive rate without over-rating my services for the area, or under-rating and leaving money on the table. It also gives me a firm basis for the rate when asked by the client to justify my rate request.

    Hope it helps,
    Paul (Nanouk) Lohnes
    Phil Guerin New Member New Member Posts:3

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    15 Nov 2010 02:48 PM
    Hi I am a Consultant (CMC) and PM (PMP & PRINCE2)in New Zealand with over 20 years experience. For fulltime project management I charge NZ$150/hour (US$116)and for PM consulting $175-$200/hour (US$131-US$154) but I often quote a fixed price instead. These rates are at the high end for project managers and in the mid range for independent consultants.
    Victor Hunt New Member New Member Posts:47

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    17 Mar 2011 06:54 AM
    Last year I published a white paper on "How to Set hourly Rates for Your Consultancy". It is posted in the shared area of this community. In it I explain that project management consulting rates are very specific to your giving situation. It is not only a matter of where you are located and how much experience you have, the size of your consultancy also plays a role. I have a spreadsheet available that goes with the white paper so that you can calculate your own consultancy rates. I can email you the spreadsheet if wanted.
    Mohamad Al Shokaki New Member New Member Posts:4

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    22 Mar 2011 12:53 AM
    I am PM in Oil and Gas Company in the middle east , Could you please forward your white paper on How to set hourly rates for your consultancy .

    Kind Regards

    Azam
    mshokaki@adco.ae
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